Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
Does the Unemployment Rate Really Overstate Labor Market Recovery?
Unemployment rose dramatically during the 2007-09 recession, peaking at 10 percent in October 2009. It has fallen steadily since then, at times outpacing economists' forecasts. In April, unemployment reached 6.3 percent, about two-thirds of the way back to its prerecession level. Such progress is often a sign of recovery, but some observers question whether the unemployment rate accurately measures resource utilization in the current labor market.
Cite this item
Andreas Hornstein & Marianna Kudlyak & Fabian Lange & Timothy Sablik, "Does the Unemployment Rate Really Overstate Labor Market Recovery?"
, Federal Reserve Bank of Richmond, Richmond Fed Economic Brief, issue June, pages 1-5, 2014.
This item with handle RePEc:fip:fedreb:00016
is also listed on EconPapers
For corrections, contact Christian Pascasio ()