replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to … "jobless recovery" is that employment should not increase more rapidly than the real economy. …

employment recoveries relative to output since 1990, using a DSGE model. Empirically, I document the underexplored pro … quasi-fixed employment costs at recoveries; (2) tight financial conditions have also persisted longer into recent recoveries …. The model generates 3-to-7-quarter delays in employment recoveries for the post-1990 period but no delay for before …