Journal Article
Are jobless recoveries the new norm?
Abstract: Recent recessions have been followed by exceptionally slow recoveries in the labor market, and the current recession is shaping up to follow the same pattern. We take a close look at some labor market measures and uncover a difference between these recent recessions and those that preceded them - workers are staying unemployed longer. This difference is a clue we can use to predict how the current labor market recovery might proceed in the near future.
Authors
Bibliographic Information
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Commentary
Publication Date: 2010
Issue: Mar
Order Number: 1