Publications

Policy Note 2013/3 | April 2013

Employment Recovery(?) after the Great Recession

This policy note discusses the prospects for job creation in the US based on the most recent Levy Economics Institute Strategic Analysis report, Is the Link between Jobs and Output Broken? The results of our analysis confirm the continued weakness of the US economy in terms of job creation—a phenomenon that has come to be known as a “jobless recovery.” We argue that to understand the problem we must look beyond the unemployment rate, which can conceal changes in the labor force. A prolonged recession can discourage workers, causing them to drop out of the labor market, thus lowering the unemployment rate without increasing employment. Therefore, the total number of people employed should be considered in tandem with the unemployment rate.


Publication Highlight

Public Policy Brief No. 143
Brazil Still in Troubled Waters
Author(s): Fernando J. Cardim de Carvalho
February 2017

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