WASHINGTON, July 6 (TNSLrpt) -- The Federal Reserve issued the following white paper abstract (No. 2026-043) in June 2026 by Brad Hershbein, Katherine Lim, Douglas Webber, and Mike Zabek entitled "Local Labor Market Tightness and Job Quality: Evidence from Job Changers".

Here are excerpts:

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In canonical models of labor search and job matching, tight labor markets benefit workers through a faster arrival rate of job opportunities, higher wages . . .

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