Working Paper
Part-Time for Economic Reasons During the Global Financial Crisis
Abstract: Net flows from part-time for noneconomic reasons to part-time for economic reasons contributed substantially to the overall increase in part-time for economic reasons during the Global Financial Crisis in the United States. This suggests that the increase in measures such as U-6 may have overstated the decline in labor demand during that period. However, this does not appear to reflect a general cyclical pattern.
JEL Classification: J64; J23; E32;
https://doi.org/10.26509/frbc-wp-202520
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers
Publication Date: 2025-08-27
Number: 25-20