How Attached to the Labor Market Are the Long‑Term Unemployed?
In this second post in our series, we analyze the labor market outcomes of long-term unemployed workers to assess their employability and labor force attachment.
Measuring Labor Market Slack: Are the Long‑Term Unemployed Different?
There has been some debate in the Liberty Street Economics blog and in other outlets, such as Krueger, Cramer, and Cho (2014) and Gordon (2013), about whether the short-term unemployment rate is a better measure of slack than the overall unemployment rate.
Is Job Polarization Holding Back the Labor Market?
More than three years after the end of the Great Recession, the labor market still remains weak, with the unemployment rate at 7.7 percent and payroll employment 3 million less than its pre-recession level.