The deep recession that began in December 2007 and ended in June 2009, has had a lasting effect on the labor market …. More than four and a half years after the end of the recession, employment has risen sluggishly--much more slowly than it … grew, on average, during the four previous recoveries that lasted more than one year. At the same time, the unemployment …

, with focus on the 2008 financial crisis, the ensuing recession, and its aftermath. It contains assessments of the effects …