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Labor Indicators: Some Of Today’s Trends Pre-Date The Great Recession
Saturday, February 6, 2016 4:58
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from the St Louis Fed
– this post authored by Marianna Kudlyak and Juan M. Sanchez
More than six years after the Great Recession reached its trough, policymakers and researchers are still debating whether a full-blown, robust recovery in the labor market is under way. Although the unemployment rate declined from 10 percent in October 2009 to 5 percent in October 2015, some policymakers and researchers are concerned that other labor statistics are lagging the levels typically expected in the mature stages of an economic expansion. For example, several point to the number of workers who report working part time but would like to work full time. This number has been declining more slowly than the level of unemployment. (See Figure 1.)
Source: http://econintersect.com/pages/contributors/contributor.php?post=201602060459
