Farooq, Ammar; Kugler, Adriana D. - In: IZA journal of labor policy 4 (2015), pp. 1-28
Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 … percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in … November 2014. Based on existing analyses and some new evidence, this paper establishes that much of the change in unemployment …
