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Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Is structural unemployment on the rise?
Robert G. Valletta
Katherine Kuang

An increase in U.S. aggregate labor demand reflected in rising job vacancies has not been accompanied by a similar decline in the unemployment rate. Some analysts maintain that unemployed workers lack the skills to fill available jobs, a mismatch that contributes to an elevated level of structural unemployment. However, analysis of data on employment growth and jobless rates across industries, occupations, and states suggests only a limited increase in structural unemployment, indicating that cyclical factors account for most of the rise in the unemployment rate.

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Robert G. Valletta & Katherine Kuang, "Is structural unemployment on the rise?" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 34, 2010.
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Keywords: Unemployment ; Labor market
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