Tyson, L., (2013), “The quality of jobs: The new normal and the old normal”, The New York Times, Economix Blog, 20 Σεπτεμβρίου.
Since the Great Recession of 2008-9, the labor market has recovered at an agonizingly slow pace. Despite 42 consecutive months of gains in private-sector employment, the unemployment rate is still at 7.3 percent; in December 2007 it was only 4.6 percent. The current unemployment rate is higher now than in 2007 across all age, education, occupation, gender and ethnic groups.
That’s despite the fact that about four million workers have left the labor force, driving the labor force participation rate to a historic low, at least a percentage point below its long-run (downward) trend, according to the Council of Economic Advisers.
Σχετικές Αναρτήσεις
- Tridico, P., (2013), “The impact of the economic crisis on EU labour markets: A comparative perspective”, International Labour Review, Vol. 152, N.2, pp. 175-190.
- Billington, I., (2013), “Euro-Zone Unemployment Unlikely to Fall Quickly”, The Wall Street Journal, The Euro Crisis Blog, 10 Σεπτεμβρίου.
- Aivazova, N., (2013), “Role of Apprenticeships in Combating Youth Unemployment in Europe and the United States”, Peterson Institute for International Economics Policy Brief, N. 13-20.