The level of employment has a direct effect on people's well-being and the government's finances. When employment is higher, incomes and federal revenues are higher, while federal outlays for income support programs are lower. CBO analyzes the causes and consequences of unemployment, the effects of the unemployment insurance program, the impact of various policy proposals that might affect employment, and other issues concerning labor markets such as people's participation in the labor force.
Employment and Labor Markets
Nov 2012 - Between 2007 and 2010, unemployment benefits expanded nearly five-fold owing to high unemployment due to the weak economy, and decisions by policymakers to increase the number of weeks for which eligible unemployed workers could receive benefits.
Mar 2012 - Small firms, widely believed to promote job growth, both create and eliminate jobs at higher rates than large firms do. Although small firms account for a disproportionate share of net job growth, that greater growth is driven primarily by new small firms.
Feb 2012 - The rate of unemployment in the United States has exceeded 8 percent since February 2009, and CBO projects that it will remain above 8 percent until 2014.
Jan 2012 - This analysis focuses on wages, benefits, and total compensation between 2005 and 2010.
- reportDecember 3, 2013
- cost estimateDecember 3, 2013
- cost estimateNovember 4, 2013
- cost estimateOctober 22, 2013
- cost estimateSeptember 11, 2013
- cost estimateJuly 24, 2013
- working paperJune 4, 2013
- data or technical informationMay 17, 2013
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