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Federal Reserve Bank of Cleveland
Economic Commentary
Are jobless recoveries the new norm?
Murat Tasci
Abstract

Recent recessions have been followed by exceptionally slow recoveries in the labor market, and the current recession is shaping up to follow the same pattern. We take a close look at some labor market measures and uncover a difference between these recent recessions and those that preceded them - workers are staying unemployed longer. This difference is a clue we can use to predict how the current labor market recovery might proceed in the near future.


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Murat Tasci, "Are jobless recoveries the new norm?" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Mar, 2010.
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Keywords: Economic conditions; Recessions; Unemployment
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