Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
Are depression-era employment swings overstated?
The rapid fall in unemployment after the Great Depression suggests that there is nothing inherently persistent in a high unemployment rate. But a closer examination of the data indicates that changes in the unemployment rate might not have been as pronounced as generally believed.
Cite this item
Jonathan Lecznar & Jessica Sackett Romero & Pierre-Daniel G. Sarte, "Are depression-era employment swings overstated?"
, Federal Reserve Bank of Richmond, Richmond Fed Economic Brief, issue Nov, 2012.
Keywords: Labor market ; Unemployment
This item with handle RePEc:fip:fedreb:y:2012:i:nov:n:12-11
is also listed on EconPapers
For corrections, contact Christian Pascasio ()