Has structural change contributed to a jobless recovery?

Erica Groshen and Simon Potter

Current Issues in Economics and Finance, 2003, vol. 9, issue Aug

Abstract: The current recovery has seen steady growth in output but no corresponding rise in employment. A look at layoff trends and industry job gains and losses in 2001-03 suggests that structural change - the permanent relocation of workers from some industries to others - may help explain the stalled growth in jobs.

Keywords: Business cycles; Employment (Economic theory); Recessions; Labor mobility; Unemployment; Industries (search for similar items in EconPapers)
Date: 2003
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