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To provide updates of the analyses of labor markets, in particular for the U.S., that we, Ayşegül Şahin and Bart Hobijn, have done as part of our research. We hope these updates contribute to the discussions of labor market developments by academics, researchers, analysts, and policymakers and that the content of this website facilitates teaching macro-labor to undergraduate, masters, and PhD students.
Bio
Ayşegül Şahin is a Professor of Economics and Public Affairs at Princeton University and a research associate of the NBER Economic Fluctuations and Growth and Monetary Economics groups. She has been serving as the editor of the American Economic Journal: Macroeconomics since January 2024. Ayşegül is a member of the Panel of Economic Advisers of the Congressional Budget Office, Executive Committee of the CRIW and the Advisory Boards of the San Francisco Fed, Dallas Fed and the Carnegie-Rochester-NYU conference. She also acts as consultant to the Federal Reserve Banks of Cleveland, Chicago, Dallas, Richmond and Minneapolis and was a member of the Bureau of Labor Statistics’ Technical Advisory Committee. Prior to joining Princeton University, Ayşegül was the Richard J. Gonzalez Regents Chair in Economics at the University of Texas at Austin from 2018 to 2024. She worked as a research economist at the Federal Reserve Bank of New York for fourteen years until 2018, where she founded and led the team which focused on the analysis of U.S. labor market.
Ayşegül’s research focuses on analysis of macro-labor issues such as maximum employment, unemployment and labor force participation dynamics, labor market mismatch, estimation of the natural rate of unemployment, gender disparities and unevenness in labor market outcomes, wage and price inflation, and entrepreneurship. Her papers have appeared in various academic journals such as the American Economic Review, Econometrica, Review of Economic Studies, Review of Financial Studies, Journal of Monetary Economics, Jackson Hole Symposium, and Brookings Papers on Economic Activity as well as in the media (the Economist, NY Times, Wall St Journal, Bloomberg, among others).
Ayşegül received her bachelor’s and M.S. degrees in electrical engineering from Bilkent University in Ankara, Turkey, and her M.A and Ph.D. in economics from University of Rochester.
Other resources
Bio
Bart Hobijn is a Senior Economist and Economic Advisor at the Research Department of the Federal Reserve Bank of Chicago (FRBC). Bart is an applied macroeconomist, whose special interests are technological progress and economic growth, price measurement, and labor market dynamics. Prior to joining FRBC, Bart was a Full Professor of Economics at Arizona State University and worked in the Economic Research departments of the Federal Reserve Banks of San Francisco and New York. He also taught classes at U.C.Berkeley, City University of New York, New York University, and VU University Amsterdam in the Netherlands. Bart served as a member of the Bureau of Labor Statistics’ Technical Advisory Committee.
His research has been published in several of the leading academic journals in economics, including the American Economic Review, Quarterly Journal of Economics, and Journal of Monetary Economics.
Bart completed his Ph.D. in economics at New York University and his MS in econometrics at Erasmus University Rotterdam, in the Netherlands.
Other resources
Personal website / Chicago Fed website / Google scholar / Repec/IDEAS
A big thanks to the coauthors, mentors, and research assistants that have helped us with our labor-market related research agenda:
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Disclaimer:
This website is independently curated. The views expressed here are solely our own and do not necessarily reflect those of any organizations with which we are or have been affiliated, including the Federal Reserve Bank of Chicago, the Federal Reserve System, Princeton University, or the NBER. We do not always agree with one another, and the content on this site may reflect differing interpretations, analyses, or conclusions.
The information provided on this site is offered as is. We do not guarantee its accuracy and accept no responsibility for errors or omissions. That said, we welcome feedback—please let us know if you think you've identified a mistake. Replication files for our formal research projects are available on our personal websites or through the journals in which those studies were published. They are not available for the content presented on this website.
We strive to keep the site updated, but publication timing depends on the availability of external data sources. No updates will be made during Federal Open Market Committee (FOMC) black out periods, which begin on the second Saturday before an FOMC meeting and end on the Thursday after the meeting, unless otherwise noted.
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Last updated: August 3, 2025