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Job vacancy, unemployment relationship clouds ‘soft landing’ prospects

The Federal Reserve has significantly tightened monetary policy over the past year, raising concerns that a higher unemployment rate will follow. Some economists have argued that because the job vacancy rate has been well above its prepandemic level, there is plenty of room for vacancies to fall before the unemployment rate must rise. This would allow the Fed to achieve a soft landing and avoid a recession. We argue that a soft landing is possible but less likely than previous studies have suggested. The theoretical arguments supporting a soft landing have relied on a set of common model parameters that is inconsistent with recent empirical estimates in the academic literature.

Student Spotlight

Kevin Bloodworth and Justin Marquez-Talavera help Dr. Baldomero Quintana with research.

Faculty Kudos

We are pleased to congratulate two of our colleagues for their recent promotions!

An aerial photo of buildings among trees
W&M campus structures named for trailblazing alumni

Following a consultative and thorough process established earlier this year, William & Mary’s Board of Visitors voted Friday to rename two campus buildings and name one campus structure to honor trailblazing alumni who helped open the door for marginalized people at both the university and beyond.

Ariel BenYishay
AidData's Important Work

Ariel BenYishay talks about the important work produced by AidData.

Joanna Schug
Meet this year's Faculty Fellowship awardees

Each year, the Alumni Association honors five professors in the early stages of their careers who exemplify teaching excellence at William & Mary.