Where Are the Jobs?
On average, it took 10 months for the United States to regain all the jobs lost during seven recessions between 1950 and 1989. Nearly five years have passed since the end of the country's last recession, and we still have not replaced the 8.7 million jobs lost during the downturn. The unemployment rate now stands at 6.7 percent, the lowest it's been in years, but labor force participation has fallen to an unprecedented level. Something is different about this recovery, but what? And where are the jobs?
That is exactly the question that the Atlanta Fed addresses in its 2013 Annual Report, "Where Are the Jobs?" The report looks into the research economists have undertaken to gain a better understanding of the all the factors at work in the labor market, especially the issues that may be contributing to slower job growth. Because the report presents this research in easy-to-understand language, supplemented with sleek infographics, videos, and interactive charts, it can be a very useful tool for teachers to help teach their students about the complex the classroom.
We invite you to take a look.
March 28, 2014