The weak jobs recovery: whatever happened to "the great American jobs machine"?
Authors Freeman and Rodgers find that the current recovery, which started in 2001, has been the worst in recent history in terms of job creation. They determine that the slow employment growth of the recovery is not attributable to the poor performance of a particular sector, nor is it concentrated in certain geographic areas. ; The authors conclude that the weak jobs recovery represents a major shift in the link between the labor market and the economy over the business cycle. They also find that the slow job growth has disproportionate effects on groups especially sensitive to business cycle swings, such as African-Americans, new labor-market entrants, out-of-school youth and less educated workers.
Volume (Year): (2005)
Issue (Month): Aug ()
|Contact details of provider:|| Postal: |
Web page: http://www.newyorkfed.org/
More information through EDIRC
|Order Information:|| Web: http://www.ny.frb.org/rmaghome/staff_rp/ Email: |
References listed on IDEAS
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.:
- Richard B. Freeman, 2000. "The US Economic Model at Y2K: Lodestar for Advanced Capitalism?," NBER Working Papers 7757, National Bureau of Economic Research, Inc.
- Jaeger, David A., 2003.
"Estimating the returns to education using the newest current population survey education questions,"
Elsevier, vol. 78(3), pages 385-394, March.
- Jaeger, David A., 2002. "Estimating the Returns to Education Using the Newest Current Population Survey Education Questions," IZA Discussion Papers 500, Institute for the Study of Labor (IZA).
- Roger W. Ferguson, 2005. "Recessions and recoveries associated with asset-price movements: what do we know? : a speech at the Stanford Institute for Economic Policy Research, Stanford, California, January 12, 2005, and the Rea," Speech 69, Board of Governors of the Federal Reserve System (U.S.).
When requesting a correction, please mention this item's handle: RePEc:fip:fednep:y:2005:i:aug:p:3-18:n:v.11no.1. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Amy Farber)
If references are entirely missing, you can add them using this form.