Output and unemployment: how do they relate today? Academic Article uri icon


  • Fifty years ago, Arthur Okun examined the relationship between output growth and the unemployment rate. The empirical relationship of the resulting Okuns law has remained largely intact since then, including during the Great Recession. However, while the law does fit our intuition about economic relationships, it should not necessarily be taken to be causal.

published proceedings

  • The Regional Economist

author list (cited authors)

  • Owyang, M. T., Vermann, E. K., & Sekhposyan, T.

complete list of authors

  • Owyang, MT||Vermann, EK||Sekhposyan, T

publication date

  • January 2013