Kudlyak, Marianna; Schwartzman, Felipe - Federal Reserve Bank of Richmond - 2012
employment and unemployment to account for the dynamics of the unemployment rate, this was not true in the Great Recession. The …-2009 (the "Great Recession"). We show that, whereas during earlier recessions it was sufficient to examine the flows between …We conduct an accounting exercise of the role of worker flows between unemployment, employment, and labor force …