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Deconstructing Structural Unemployment
Schmitt, John; Warner, Kris - Center for Economic and Policy Research (CEPR) - 2011
Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession, but in this … paper we find little support for either of two arguments that suggest that structural unemployment has been on the rise. The … first argument focuses on the large increase in unemployment among construction workers. The second argument is that falling …
Persistent link: https://www.econbiz.de/10008867484
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The $1 Trillion Wage Deficit
Baker, Dean; Schmitt, John - Center for Economic and Policy Research (CEPR) - 2009
The strong rise in the U.S. stock market since the spring and the return to positive economic growth in the third quarter of this year have created a consensus among economists that the Great Recession is very likely over. Unfortunately, the end of the official recession will have little visible...
Persistent link: https://www.econbiz.de/10008545825
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The Urgent Need for Job Creation
Schmitt, John; Conroy, Tessa - Center for Economic and Policy Research (CEPR) - 2010
Many lawmakers, policymakers, and economic commentators do not appear to recognize the depth of the current labor-market recession. Between December 2007 – the official first month of the recession – and December 2009, the U.S. economy lost more than eight million jobs. Even if the economy...
Persistent link: https://www.econbiz.de/10008461099