The deepening recession in the U.S.
nsiemensma at yahoo.com.au
Fri Sep 5 19:44:01 MDT 2003
Current Issues in Economics and Finance (August 2003)
from the Federal Reserve Bank of New York has a study
by Erica L. Groshen and Simon Potter, "Has Structural
Change Contributed to a Jobless Recovery?"
"The current recovery has seen steady growth in output
but no corresponding rise in employment. A look at
layoff trends and industry job gains and losses in
2001-03 suggests that structural changethe permanent
relocation of workers from some industries to
othersmay help explain the stalled growth in jobs."
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