Would Active Labor Market Policies Help Combat High U.S. Unemployment?: A Reprint from the Federal Reserve Bank of Kansas City äóìEconomic Reviewäó

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By Jun Nie (au); Ethan Struby (au)
Year: 2011
Pages: 36
Binding Paperback
ISBN 978-1-4578-2773-0

Product Code: 1457827735

Description

Two years after the end of the 2007-09 recession, the unemployment rate in the U.S. remained above 9% -- roughly double its pre-recession level. The authors analyze the cyclical and structural components of this elevated level of unemployment, active and passive labor market policies, and how the policies are utilized in the U.S. and 20 Organization for Economic Coop. Development (OECD) countries. The analysis finds that two active programs can be particularly effective: training programs that equip unemployed workers with skills that are in demand and job-search assistance that matches unemployed workers with employers. These findings, together with evidence that the U.S. labor market currently suffers from a certain amount of structural unemployment, suggest that the U.S. could benefit from more training programs and job-assistance programs. Figures and tables. This is a print on demand report.

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