Exploring the Dynamics of Unemployment

Abstract: Unemployment dynamics influence people’s reasons for entering the labor market and their behavior within it. This article uses Bureau of Labor Statistics (BLS) Consumer Population Survey (CPS) data to examine labor market trends and the experiences of new entrants, re-entrants, job leavers, and job losers, highlighting how each group's behavior differs over time and during economic downturns. It emphasizes the impact of recessions on overall unemployment rates and cyclical sensitivity: This understanding can help policymakers and businesses make informed decisions and foster growth while navigating economic challenges.

Keywords: unemployment; labor market; Bureau of Labor Statistics (BLS); Consumer Population Survey (CPS); recessions;

Access Documents


Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2024-05

Pages: 7 pages