Title:

Does the Unemployment Rate Really Overstate Labor Market Recovery?, No. 14-06

PREVIOUS | NEXT

Does the Unemployment Rate Really Overstate Labor Market Recovery?, No. 14-06

DATE: June 2014

PART OF: AUTHORS: CONTRIBUTING AUTHOR:

ABSTRACT: Unemployment rose dramatically during the 2007-09 recession, peaking at 10 percent in October 2009. It has fallen steadily since then, at times outpacing economists' forecasts. In April, unemployment reached 6.3 percent, about two-thirds of the way back to its prerecession level. Such progress is often a sign of recovery, but some observers question whether the unemployment rate accurately measures resource utilization in the current labor market.

Download (pdf) View Full Text

Share this page:


Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
Save & Share
less

Hornstein, Andreas , Kudlyak, Marianna , Lange, Fabian , Sablik, Timothy and Federal Reserve Bank of Richmond. "Does the Unemployment Rate Really Overstate Labor Market Recovery?, No. 14-06," Economic Brief (June 2014). https://fraser.stlouisfed.org/title/6034/item/583925, accessed on December 6, 2022.

More Information
less

THEMES:

Metadata (XML)
Metadata (JSON)