Gross domestic product has long been a standard for measuring economic growth and progress, but is it a yardstick for well-being, and can it keep up with changes in our economy? Leonard Nakamura answers our questions.

Research in Focus — Amid a growing and vibrant debate about how to measure economic growth, the authors introduce an accounting framework that captures output in terms of dollars as well as societal well-being.

Economic Insights — There have long been racial differences in how workers experience the labor market, but some interesting things happened to those differences during the pandemic.