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How Bad is US Unemployment?

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Author Info

  • Freeman, Alan
  • Desai, Radhika

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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Bibliographic 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;

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  1. Freeman, Alan, 2009. "Investing In Civilization," MPRA Paper 26807, University Library of Munich, Germany, revised 15 Feb 2009.
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Cited by:
  1. Freeman, Alan, 2009. "Investing In Civilization," MPRA Paper 26807, University Library of Munich, Germany, revised 15 Feb 2009.
  2. Freeman, Alan, 2013. "The Road out of Crisis and the Policy Choices Facing Russia," MPRA Paper 52681, University Library of Munich, Germany, revised 02 May 2013.

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