Assessing the jobless recovery
By all measures, employment growth since the recession
that ended in November 2001 has been surprisingly
weak. But exactly how weak and why have been
the subjects of much discussion. In this article, we review
the evidence on recent employment trends, provide
some new evidence on the role of self-employment,
and offer some thoughts on the strengths and weaknesses
of several proposed explanations of the causes
of what many have called a jobless recovery.
