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Will labor force participation bounce back?

Leila Bengali, Mary Daly and Robert Valletta

FRBSF Economic Letter, 2013, issue may13

Abstract: The most recent U.S. recession and recovery have been accompanied by a sharp decline in the labor force participation rate. The largest declines have occurred in states with the largest job losses. This suggests that some of the recent drop in the national labor force participation rate could be cyclical. Past recoveries show evidence of a similar cyclical relationship between changes in employment and participation, which could portend a moderation or reversal of the participation decline as the current recovery continues.

Keywords: Employment; Labor market (search for similar items in EconPapers)
Date: 2013
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