Federal Reserve Bank of New York
Current Issues in Economics and Finance
Has structural change contributed to a jobless recovery?
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.
Cite this item
Erica L. Groshen & Simon M. Potter, "Has structural change contributed to a jobless recovery?"
, Federal Reserve Bank of New York, Current Issues in Economics and Finance, volume 9, issue Aug, 2003.
Keywords: Business cycles ; Employment (Economic theory) ; Labor mobility ; Unemployment ; Industries ; Recessions
This item with handle RePEc:fip:fednci:y:2003:i:aug:n:v.9no.8
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