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How Bad is US Unemployment?

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Author Info
Freeman, Alan
Desai, Radhika

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Abstract

This article assesses the significance of the January 2009 US unemployment figures. The steep fall of 4 million jobs is greater than any 12-month fall in history. Does this mean that 2007-2008 heralds the worst recession since 1929? This article assesses the empirical evidence of the US payroll figures to date.

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File URL: http://mpra.ub.uni-muenchen.de/13740/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 13740.

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Date of creation: 24 Feb 2009
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Handle: RePEc:pra:mprapa:13740

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Related research
Keywords: Keywords: Credit Crunch; Investment; Liquidity Preference; Rate of Profit; State; Welfare State; War; Military Keynesianism;

Find related papers by JEL classification:
E0 - Macroeconomics and Monetary Economics - - General
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution

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This page was last updated on 2009-11-30.

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