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Another jobless recovery?

Author

Listed:
  • Mark E. Schweitzer

Abstract

The expansion of the 1990s began with such unexpectedly slow employment growth that commentators called it the ?jobless recovery.? As the economy now begins to expand after the most recent recession, will employment follow the typical path of most postwar recoveries, or will it repeat the pattern of the 1990s? A look at trends in employment, unemployment, and the labor force participation rate reveals important similarities with the jobless recovery. That said, one of the similarities is an unusually low unemployment rate, which suggests the recovery might be better characterized as ?jobseekerless.?

Suggested Citation

  • Mark E. Schweitzer, 2003. "Another jobless recovery?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Mar.
    • Handle: RePEc:fip:fedcec:y:2003:i:mar1
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    Citations

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    Cited by:

    1. Neville Francis & Laura E. Jackson & Michael T. Owyang, 2018. "Countercyclical Policy and the Speed of Recovery after Recessions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 675-704, June.
    2. Hudgins, David & Shuai, Jie, 2006. "Optimal Monetary Policy Rules for Averting Productivity Induced Jobless Recoveries," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 2(2), pages 1-9.
    3. Ashley Hodgson & Stacey L. Schreft & Aarti Singh, 2005. "Jobless recoveries and the wait-and-see hypothesis," Economic Review, Federal Reserve Bank of Kansas City, vol. 90(Q IV), pages 81-99.
    4. Scott Burns, 2018. "Human Capital and Its Structure," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 33(Summer 20), pages 33-51.
    5. Engemann, Kristie M. & Owyang, Michael T., 2010. "Whatever Happened To The Business Cycle? A Bayesian Analysis Of Jobless Recoveries," Macroeconomic Dynamics, Cambridge University Press, vol. 14(5), pages 709-726, November.
    6. Nicholas Haltom & Vanessa D. Mitchell & Ellis W. Tallman, 2005. "Payroll employment data: measuring the effects of annual benchmark revisions," Economic Review, Federal Reserve Bank of Atlanta, vol. 90(Q 2), pages 1-23.
    7. Alcaraz Carlo & García Verdú Rodrigo, 2006. "Changes in the Composition of Employment and Productivity in the Formal Sector of the Mexican Economy," Working Papers 2006-03, Banco de México.
    8. Erica L. Groshen & Simon M. Potter, 2003. "Has structural change contributed to a jobless recovery?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Aug).

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