Labor Market Recovery After the Recession of 2007-2009 : Select Analyses
Book Details
Format
Paperback / Softback
ISBN-10
1631178903
ISBN-13
9781631178900
Publisher
Nova Science Publishers Inc
Imprint
Nova Science Publishers Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jun 1st, 2014
Print length
72 Pages
Weight
182 grams
Dimensions
22.90 x 15.60 x 0.70 cms
Product Classification:
Politics & government
Ksh 15,300.00
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The deep recession that began in December 2007 and ended in June 2009, has had a lasting effect on the labour 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 rate has fallen only partway back to its pre-recession level, and a significant part of that improvement is attributable to a decline in labour force participation that has occurred as an unusually large number of people have stopped looking for work. This book discusses this slow recovery of the labour market, as well as assesses the relative magnitudes of cyclical and structural unemployment as they respond to different policy measures.
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