less skilled and their employment responses to adverse employment shocks. Following program liberalization in 1984, DI …

Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing … employment being a prime contributor to the slump. The U.S. employment "sag" of the 2000s is widely recognized but poorly …

, when detectable, result from the even faster declines in employment …