Journal Article
Economic restructuring in New York State
Sela, Rebecca J.; Groshen, Erica L.; Potter, Simon M. (2004-06)
When economic activity slows down, labor markets may undergo extensive structural change-the permanent reallocation of workers across industries. Job losses can be heavy, and creating new jobs and retraining displaced workers to fill them can take time. A high degree of restructuring may help to explain why New York State's most recent downturn persisted for well over two years. Subseries: Second District Highlights.
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