Freeman, Richard B.; Rodgers, William M. - Harvard University <Cambridge, Mass.> / Department of …; … - 2005
[...]This paper examines the operation of the U.S. labor marketin the 2001 recovery. Because the United States is in … employmentgrows suddenly. For instance, since August 2003, nonfarmpayroll employment increased by 2.5 million, for a monthlyaverage of … long in this recovery. It wouldtake employment growth of some 300,00 per month over thenext year and a half to bring the …