Description

Book Synopsis
The deep recession that began in December 2007 and ended in June 2009, has had a lasting effect on the labour market. More than four and a half years after the end of the recession, employment has risen sluggishly -- much more slowly than it grew, on average, during the four previous recoveries that lasted more than one year. At the same time, the unemployment rate has fallen only partway back to its pre-recession level, and a significant part of that improvement is attributable to a decline in labour force participation that has occurred as an unusually large number of people have stopped looking for work. This book discusses this slow recovery of the labour market, as well as assesses the relative magnitudes of cyclical and structural unemployment as they respond to different policy measures.

Labor Market Recovery After the Recession of

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    A Paperback / softback by Kyla C Sims

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      Publisher: Nova Science Publishers Inc
      Publication Date: 01/06/2014
      ISBN13: 9781631178900, 978-1631178900
      ISBN10: 1631178903
      Also in:
      Politics and government

      Description

      Book Synopsis
      The deep recession that began in December 2007 and ended in June 2009, has had a lasting effect on the labour market. More than four and a half years after the end of the recession, employment has risen sluggishly -- much more slowly than it grew, on average, during the four previous recoveries that lasted more than one year. At the same time, the unemployment rate has fallen only partway back to its pre-recession level, and a significant part of that improvement is attributable to a decline in labour force participation that has occurred as an unusually large number of people have stopped looking for work. This book discusses this slow recovery of the labour market, as well as assesses the relative magnitudes of cyclical and structural unemployment as they respond to different policy measures.

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