Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Cleveland
Economic Commentary
Technology shocks and unemployment in the last recession
Pedro S. Amaral

In the latest recession, unemployment rates in the United States increased at a faster pace than in the average OECD country. Since the unemployment rate has been more sensitive to technological shocks in the United States in the past than in other OECD countries, I investigated whether increased sensitivity to such shocks was the reason for the recent relative increase in the U.S. unemployment rate. I find this was not the case.

Download Full text
Cite this item
Pedro S. Amaral, "Technology shocks and unemployment in the last recession" , Federal Reserve Bank of Cleveland, Economic Commentary, issue June, 2012.
More from this series
JEL Classification:
Subject headings:
Keywords: Recessions; Unemployment
For corrections, contact 4D Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal