Job loss in the great recession
Subtitle: historical perspective from the displaced workers survey, 1984-2010
By: Henry S. Farber
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 17040; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17040.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] :
Description: "The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which the labor market is now only slowly recovering.  The unemployment rate remains stubbornly high and durations of unemployment are unprecedentedly long.  I use data from the Displaced Workers Survey (DWS) from 1984-2010 to investigate the incidence and consequences of job loss from 1981-2009.  In particular, the January 2010 DWS, which captures job loss during the 2007-2009 period, provides a window through which to examine the experience of job losers in the Great Recession and to compare their experience to that of earlier job losers.  These data show a record high rate of job loss, with almost one in six workers reporting having lost a job in the 2007-2009 period.  The consequences of job loss are also very serious during this period with very low rates of reemployment, difficulty finding full-time employment, and substantial earnings losses"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 8/2/2011.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.