With all this talk about the definition of a recession, it's time for another summertime 🧵 from your macroeconomics professor... The definition of the term recession is important. We need to understand the particular economic conditions we're experiencing - this will help guide appropriate policy responses.

Has there been a wholesale shift in the labor market so that occupations job seekers are interested in no longer match jobs on offer? I used @Indeed data on job postings and job seeker clicks on those postings to investigate this question. A brief 🧵:
hiringlab.org/2022/02/24/is-… One of the (many) cool things about @Indeed data is that it is forward-looking. If the pandemic caused large-scale rethinking of the occupations job seekers are interested in, then there would be a substantial shift in the types of jobs they’re clicking on.

Today I shared some thoughts at the #FedFMC session on #data regulation. Understanding the potential benefits and challenges of new sources of data is an important step to getting regulation right. frbatlanta.org/news/conferenc… I focused my comments at the #FedFMC on my experience working with private data to develop public insights: opportunities to use new sources of data to learn more about the world around us, e.g. economic indicators and societal trends. Like what we do at the @indeed #HiringLab.