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Are we like Sweden? recovery in the labor market

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  • O. Emre Ergungor

Abstract

More than 20 years ago Sweden suffered a severe financial crisis that brought unemployment to an all-time high. To this day the unemployment rate has not returned to where it was before the crisis. Economists say that if the U.S. is anything like Sweden, our full recovery may still be a long way off. Sweden is like the U.S. in many ways, but the roots of its labor market troubles appear to be very different from ours.

Suggested Citation

  • O. Emre Ergungor, 2013. "Are we like Sweden? recovery in the labor market," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
    • Handle: RePEc:fip:fedcec:y:2013:i:feb7:n:2013-03
    DOI: 10.26509/frbc-ec-201303
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    Keywords

    Sweden; Labor market;

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