Recent layoffs in a fragile labor market
Abstract: Rising layoff rates during the spring of 2011 highlight renewed labor market weakness. Although job cuts among state and local governments have accelerated over the past few years, most of the recent increase occurred among private-sector employers. Following modest improvement in early summer, subsequent labor market performance has been uneven, indicating that labor market conditions remain fragile.
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Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Order Number: 30