EconPapers    
Economics at your fingertips  
 

Net job creation in the US economy: lessons from monthly data, 1950-2011

Salem Abo-Zaid ()

Applied Economics, 2014, vol. 46, issue 22, 2623-2638

Abstract: This article studies the monthly net job creation (NJC) at the aggregate and the sectoral levels in the United States over the period 1950 to 2011. The article has few important findings. First, NJC did not show a significant trend over the last six decades, which led to a fall in the NJC rate. Second, NJC was very volatile and it could change course even in the span of 1 month. Third, there was no clear pattern about the co-movement between NJC and the change in the unemployment rate. Fourth, the averages of total NJC and private NJC since late 2010 were significantly higher than their respective historical averages and the volatility in NJC since the end of the Great Recession was not unusual by historical standards. Fifth, while the evidence about the effects of the 2009 American Recovery and Reinvestment Act on employment is inconclusive, some sectors appeared to benefit from it. Finally, the most frequent drop in the unemployment rate was by 0.1%, and drops of more than 0.2% should not be highly expected.

Date: 2014
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/00036846.2014.907481 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Net job creation in the U.S. economy: lessons from monthly data, 1950-2011 (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:applec:v:46:y:2014:i:22:p:2623-2638

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RAEC20

Access Statistics for this article

Applied Economics is currently edited by Anita Phillips

More articles in Applied Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2019-04-29
Handle: RePEc:taf:applec:v:46:y:2014:i:22:p:2623-2638