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Technology shocks and unemployment in the last recession

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  • Pedro S. Amaral

Abstract

In the latest recession, unemployment rates in the United States increased at a faster pace than in the average OECD country. Since the unemployment rate has been more sensitive to technological shocks in the United States in the past than in other OECD countries, I investigated whether increased sensitivity to such shocks was the reason for the recent relative increase in the U.S. unemployment rate. I find this was not the case.

Suggested Citation

  • Pedro S. Amaral, 2012. "Technology shocks and unemployment in the last recession," Economic Commentary, Federal Reserve Bank of Cleveland, issue June.
    • Handle: RePEc:fip:fedcec:y:2012:i:june7:n:2012-7
    DOI: 10.26509/frbc-ec-201207
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    References listed on IDEAS

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    1. Murat Tasci & Mary Zenker, 2011. "Labor market rigidity, unemployment, and the Great Recession," Economic Commentary, Federal Reserve Bank of Cleveland, issue June.
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    Keywords

    Unemployment; Recessions;

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