Elsby, Michael; Hobjin, Bart; Sahin, Aysegül - Federal Reserve Bank of San Francisco - 2010
This paper documents the adjustment of the labor market during the recession, and places it in the broader context of … perspective of a wide range of labor market outcomes, the 2007 recession represents the deepest downturn in the labor market in … the postwar era. 2. Until recently, the nature of labor market adjustment in the current recession has displayed a notable …