publication . Article . 2005

Additional Slack in the Economy: the Poor Recovery in Labor Force Participation During this Business Cycle

Katharine Bradbury;
Open Access
  • Published: 01 Jan 2005
This public policy brief examines labor force participation rates in this recession and recovery and compares them with the cyclical patterns in earlier business cycles. Measured relative to the business cycle peak in March 2001, labor force participation rates almost four years later have not recovered as much as usual, and the discrepancies are large. ; Among age-by-sex groups, the participation shortfall is especially pronounced at young and prime ages: Only for men and women age 55 and older has participation risen more than is usual four years after the business cycle peak. ; The brief examines explanations and different recovery scenarios for various group...
free text keywords: Labor supply ; Business cycles, Secondary labor market, Economy, Labor relations, Recession, media_common.quotation_subject, media_common, Economics, Public policy, Business cycle, Labour economics, Unemployment rate, Market participation
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Source: Current Population Survey, annual data. 24

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