Many moving parts: the latest look inside the U.S. labor market
AbstractThe U.S. economy has gained roughly 2.8 million jobs since early 2010. That may be cold comfort, considering that more than 8 million jobs have been lost since the recession began. The Federal Reserve has lowered its policy rate as far as it can go, and the economy is flush with liquidity. Yet the unemployment rate remains persistently high. From policymakers to private citizens, the debate continues over what to do to help the labor market adjust. Disagreements stem, in part, from the complicated nature of the labor market itself. There are many moving parts, and the authors examine several here, pointing out that a “one size fits all” approach may not accommodate the differences across various sectors of the economy. The authors examine structural change, “frictions” in matching workers with job openings, lack of consumer and business confidence, the severity of the past recession, and other factors to help inform and illuminate this complex policy debate.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Federal Reserve Bank of St. Louis in its journal Review.
Volume (Year): (2012)
Issue (Month): Mar ()
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Riccardo DiCecio, 2005. "Cross - country productivity growth," International Economic Trends, Federal Reserve Bank of St. Louis, issue Nov.
- Danielle Venn, 2009. "Legislation, Collective Bargaining and Enforcement: Updating the OECD Employment Protection Indicators," OECD Social, Employment and Migration Working Papers 89, OECD Publishing.
- David Andolfatto, 2010. "Fiscal multipliers in war and in peace," Review, Federal Reserve Bank of St. Louis, issue Mar, pages 121-128.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Xiao Xiaohong) The email address of this maintainer does not seem to be valid anymore. Please ask Xiao Xiaohong to update the entry or send us the correct address.
If references are entirely missing, you can add them using this form.