Is structural unemployment on the rise?
AbstractAn increase in U.S. aggregate labor demand reflected in rising job vacancies has not been accompanied by a similar decline in the unemployment rate. Some analysts maintain that unemployed workers lack the skills to fill available jobs, a mismatch that contributes to an elevated level of structural unemployment. However, analysis of data on employment growth and jobless rates across industries, occupations, and states suggests only a limited increase in structural unemployment, indicating that cyclical factors account for most of the rise in the unemployment rate.
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Bibliographic InfoArticle provided by Federal Reserve Bank of San Francisco in its journal FRBSF Economic Letter.
Volume (Year): (2010)
Issue (Month): nov8 ()
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- Athanasios Orphanides & John C. Williams, 2002.
"Robust Monetary Policy Rules with Unknown Natural Rates,"
Brookings Papers on Economic Activity,
Economic Studies Program, The Brookings Institution, vol. 33(2), pages 63-146.
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- Athanasios Orphanides & John C. Williams, 2002. "Robust monetary policy rules with unknown natural rates," Working Paper Series, Federal Reserve Bank of San Francisco 2003-01, Federal Reserve Bank of San Francisco.
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- Uluc Aysun & Florence Bouvet & Richard Hofler, 2012.
"An alternative measure of structural unemployment,"
Working Papers, University of Central Florida, Department of Economics
2012-04, University of Central Florida, Department of Economics.
- David Gruen & Bonnie Li & Tim Wong, 2012. "Unemployment disparity across regions," Economic Roundup, Treasury, Australian Government, issue 2, pages 63-78, August.
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