Journal Article

Accounting for the jobless recoveries


Abstract: Much has been made of the so-called jobless recovery of the past two business cycles?that is, their atypically weak employment growth early in the expansion phase. This Commentary examines the factors that account for this behavior, focusing on two key measures: the probabilities of job finding and job separation.

Keywords: Job hunting; Economic conditions; Employment;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2005

Issue: Aug

Order Number: 1