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Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Labor Market Developments in the United States and Canada Since 2000
December 2, 2004
A conference cosponsored by the Canadian Consulate General in New York, the Centre for the Study of Living Standards, the Federal Reserve Bank of New York, and the New York Association for Business Economics.
Overview The labor markets continue to offer a rich source of research topics. In 2004, two issues were of particular interest to New York business economists. The first, which received wide media attention, centered on the lack of job growth in the current U.S. recovery. The second concerned the disparity in job growth between the United States and Canada--namely, while the United States was struggling to create jobs, Canada was creating them at a fast clip. This conference will focus on the relatively overlooked second issue by engaging key Canadian and U.S. economists to explore the reasons for the lack of job growth in the United States, to contrast the U.S. experience with that of Canada, and to offer potential lessons from these experiences.