Has Structural Change Contributed to a Jobless Recovery?
8 Pages Posted: 11 Mar 2005
The current recovery has seen steady growth in output but no corresponding rise in employment. A look at layoff trends and industry job gains and losses in 2001-03 suggests that structural change - the permanent relocation of workers from some industries to others - may help explain the stalled growth in jobs.
Keywords: jobless recovery, structural change, temporary layoffs, reallocation
JEL Classification: E3, E24, J6
Suggested Citation: Suggested Citation