The changing nature of the relationship between FSP caseloads and the unemployment rate raises questions about the usefulness and reliability of this relationship in explaining period-by-period changes in FSP caseloads. These questions suggest a need to evaluate whether the relationship between FSP caseloads and aggregate economic activity, particularly, the unemployment rate, has changed structurally. The study will evaluate the ability of regressions of the FSP caseload equation that includes measures of economic activity (the unemployment rate and total nonfarm employment) to explain year-to-year changes in FSP caseloads.
April 05, 2017
For more information contact: