Has structural change contributed to a jobless recovery?

Groshen, Erica L.; Potter, Simon M.

Journal Article

Has structural change contributed to a jobless recovery?

Abstract: The current recovery has seen steady growth in output but no corresponding rise in employment. A look at layoff trends and industry job gains and losses in 2001-03 suggests that structural change - the permanent relocation of workers from some industries to others - may help explain the stalled growth in jobs.

Keywords: Business cycles; Employment (Economic theory); Recessions; Labor mobility; Unemployment; Industries;