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Accounting for the jobless recoveries

Paul Gomme ()

Economic Commentary, 2005, issue Aug

Abstract: Much has been made of the so-called jobless recovery of the past two business cycles—that is, their atypically weak employment growth early in the expansion phase. This Commentary examines the factors that account for this behavior, focusing on two key measures: the probabilities of job finding and job separation.

Keywords: Employment; Economic conditions; Job hunting (search for similar items in EconPapers)
Date: 2005
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Handle: RePEc:fip:fedcec:y:2005:i:aug1