Current Issues in Economics and Finance

Has Structural Change Contributed to a Jobless Recovery?

August 2003 Volume 9, Number 8
JEL classification: E3, E24, J6

Authors: Erica L. Groshen and Simon Potter

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.

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