Is healthcare employment recession proof? We examine the hypothesis that healthcare employment is stable across the … employment responds to recessions, and show that this response depends largely on the type of the exogenous shock triggering the … recession. We find that healthcare employment responds procyclically to demand-induced recessions; and the reduction is driven …

. However, little research has examined the relationship between local economic conditions and healthcare employment … cycles. If anything, when areas experience more severe local economic downturns, healthcare employment increases. Much …

Employment in STEM occupations suffered smaller peak-to-trough percentage declines than non-STEM occupations during the … Great Recession and COVID-19 recession, suggesting a relative resiliency of STEM employment. We exploit the sudden peak …-to-trough declines in STEM and non-STEM employment during the COVID-19 recession to measure STEM recession-resiliency, decomposing our …

New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I … property by invoking a new form of sticky wages or by introducing information and other frictions into the employment …

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …

Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric …-in-differences event study research design that exploits cross-state variation in licensing laws to compare the unemployment rate between …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …

and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …