Alan Krueger delivered the Martin Feldstein Lecture at the National Bureau of Economic Research

Alan Krueger delivered the Martin Feldstein Lecture at the National Bureau of Economic Research this summer.  His lecture addressed the question: “How tight is the labor market?” Professor Krueger provided evidence that the long-term unemployed are increasingly leaving the labor force, and unlikely to return.  He further showed that the rate of real wage growth in recent months is consistent with a tightening labor market. 

A copy of the slides from his lecture is available here “How tight is the labor market?”
Video: NBER Feldstein Lecture by Alan Krueger on Labor Force Participation