Labor force participation and the future path of unemployment

Mary Daly, Bart Hobijn and Joyce Kwok

FRBSF Economic Letter, 2010, issue sep13

Abstract: 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.

Keywords: Labor market; Unemployment (search for similar items in EconPapers)
Date: 2010
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