Journal Article
Jobless recovery redux?
Hobijn, Bart; Kwok, Joyce; Daly, Mary C. (2009)
Although the pace of layoffs appears to be subsiding and the overall economy is showing hints of stabilization, most forecasters expect unemployment to continue to increase in coming months and to recede only gradually as recovery takes hold. In this Economic Letter, we evaluate this projection using data on three labor market indicators: worker flows into and out of unemployment; involuntary part-time employment; and temporary layoffs. We pay particular attention to how these indicators compare with data from previous episodes of recession and recovery. Our analysis generally supports ...
FRBSF Economic Letter

Journal Article
Labor force participation and the future path of unemployment
Hobijn, Bart; Kwok, Joyce; Daly, Mary C. (2010)
Although the labor market has slowly begun to recover, unemployment remains stubbornly high. The pace at which unemployment comes down over the next two years depends in part on the cyclical recovery of labor force participation and the extent to which that offsets or adds to ongoing structural changes in labor force behavior related to increased school enrollment, access to disability benefits, and movement of baby boomers into retirement.
FRBSF Economic Letter

Journal Article
Did welfare reform work for everyone? a look at young single mothers
Kwok, Joyce; Daly, Mary C. (2009)
Since Congress overhauled the U.S. welfare system in 1996, single mothers between 18 and 24 have reduced welfare dependency, increased workforce participation, and registered gains in household income. The group's growing attachment to the labor force means they may be better positioned to take advantage of unemployment insurance during the current recession.
FRBSF Economic Letter

Journal Article
New highs in unemployment insurance claims
Cleary, Aisling; Kwok, Joyce; Valletta, Robert G. (2009)
Unemployment insurance benefits have been on an upward trend over the past two decades, partially reversing an earlier decline. The trend is associated with shifts toward a higher share of job losers among the unemployed and longer durations of unemployment, which may cause benefits to lapse for some recipients as labor market weakness persists.
FRBSF Economic Letter

Journal Article
Labor supply responses to changes in wealth and credit
Hobijn, Bart; Kwok, Joyce; Daly, Mary C. (2009)
This Letter examines how changes in wealth and credit may be affecting household and aggregate labor supply.
FRBSF Economic Letter