Template-type: ReDif-Paper 1.0 
Author-Name: Takhtamanova, Yelena 
Author-Email: Yelena.Takhtamanova@sf.frb.org
Author-workplace-name: Federal Reserve Bank of San Francisco
Author-Name: Sierminska, Eva
Author-Email: eva.sierminska@liser.lu
Author-workplace-name: UNU-MERIT, and LISER, Luxembourg
Title: Impact of the Great Recession on industry unemployment: a 1976-2011 comparison 
Abstract: This paper studies the mechanisms driving the persistently high 
	 unemployment rate during the last recession and mild recovery. Previous 
	 studies have examined the demographic aspect of the recession. We focus 
	 on specific industries. Consequently, we propose a methodology to 
	 decompose changes in the unemployment rate into worker inflows and 
	 outflows across industry groups and outline the unique characteristics 
	 of the latest recession (including examining cyclical and structural 
	 forces). We use harmonized-reclassified industry data for 1976-2011 in 
	 the United States, which allows us to make comparisons previously not 
	 possible.
Keywords: Unemployment, Worker Flows, Job Finding Rate, Separation Rate, Industry 
Classification-JEL: J11, J62, 
Series: UNU-MERIT Working Papers
Creation-Date: 20170110
Number: 2017-003
File-URL: https://unu-merit.nl/publications/wppdf/2017/wp2017-003.pdf
File-Format: application/pdf
File-Size: 275 kb
Handle: RePEc:unm:unumer:2017003