Another jobless recovery?

Mark Schweitzer

Economic Commentary, 2003, issue Mar

Abstract: The expansion of the 1990s began with such unexpectedly slow employment growth that commentators called it the ?jobless recovery.? As the economy now begins to expand after the most recent recession, will employment follow the typical path of most postwar recoveries, or will it repeat the pattern of the 1990s? A look at trends in employment, unemployment, and the labor force participation rate reveals important similarities with the jobless recovery. That said, one of the similarities is an unusually low unemployment rate, which suggests the recovery might be better characterized as ?jobseekerless.?

Keywords: economic conditions - United States; Employment - United States; Labor supply - United States (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
https://www.clevelandfed.org/-/media/project/cleve ... ess-recovery-pdf.pdf Full Text (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:2003:i:mar1

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Commentary from Federal Reserve Bank of Cleveland Contact information at EDIRC.
Bibliographic data for series maintained by 4D Library ().