[...]This paper examines the operation of the U.S. labor marketin the 2001 recovery. Because the United States is in the middleof the recovery, ours is a real-time analysis; thus, someconclusions could change if the recovery stalls or employmentgrows suddenly. For instance, since August 2003,...

A paper presented at the December 2004 conference "Labor Market Developments in the United States and Canada since 2000," cosponsored by the Federal Reserve Bank of New York, the Canadian Consulate General in New York, the Centre for the Study of Living Standards, and the New York Association...