Journal Article

Another jobless recovery?


Abstract: The expansion of the 1990s began with such unexpectedly slow employment growth that commentators called it the ?jobless recovery.? As the economy now begins to expand after the most recent recession, will employment follow the typical path of most postwar recoveries, or will it repeat the pattern of the 1990s? A look at trends in employment, unemployment, and the labor force participation rate reveals important similarities with the jobless recovery. That said, one of the similarities is an unusually low unemployment rate, which suggests the recovery might be better characterized as ?jobseekerless.?

Keywords: Economic conditions - United States; Employment - United States; Labor supply - United States;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Issue: Mar

Order Number: 1