| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16248 |
| DP16248 The Unemployed with Jobs and without Jobs | |
| Robert Hall; Marianna Kudlyak | |
| 发表日期 | 2022-02-15 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Potential workers are classified as unemployed if they seek work but are not working. The unemployed population contains two groups---those with jobs and those without jobs. Those with jobs are on furlough or temporary layoff. This group expanded tremendously in April 2020, at the trough of the pandemic recession. They wait out periods of non-work with the understanding that their jobs still exist and that they will be recalled. We show that the resulting temporary-layoff unemployment mostly dissipated by the end of 2020. Potential workers without jobs constitute what we call jobless unemployment. Shocks that elevate jobless unemployment have much more persistent effects. Historical major adverse shocks, such as the financial crisis in 2008, created mostly jobless unemployment and consequently caused extended periods of elevated unemployment. Jobless unemployment reached its pandemic peak in November 2020, at 4.9%, modest by historical standards, and has declined at a faster-than-historical pace since. |
| 主题 | Labour Economics ; Monetary Economics and Fluctuations |
| 关键词 | Business cycle Recovery Unemployment Recession Layoffs Recall |
| URL | https://cepr.org/publications/dp16248-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545988 |
| 推荐引用方式 GB/T 7714 | Robert Hall,Marianna Kudlyak. DP16248 The Unemployed with Jobs and without Jobs. 2022. |
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