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Economic Perspectives, 29, 2nd, No. 2, May 2005
Job loss: Bridging the research and policy discussion
Although the economy is finally adding net new jobs beyond what is necessary to keep pace with the growth of the working age population, this current economic recovery is unprecedented in terms of its anemic job growth. There are a variety of culprits cited for this sluggish job creation—“offshoring” (moving jobs overseas), productivity growth, geopolitical insecurity, digestion of investments in information and communication technology, rising oil prices, and falling labor supply.


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