Are jobless recoveries the new norm?

Murat Tasci

Economic Commentary, 2010, issue Mar

Abstract: Recent recessions have been followed by exceptionally slow recoveries in the labor market, and the current recession is shaping up to follow the same pattern. We take a close look at some labor market measures and uncover a difference between these recent recessions and those that preceded them - workers are staying unemployed longer. This difference is a clue we can use to predict how the current labor market recovery might proceed in the near future.

Keywords: Recessions; Economic conditions; Unemployment (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcec:y:2010:i:mar22:n:2010-1

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