What causes employment to lag output in recoveries?

Mark Thoma, a macroeconomist at the University of Oregon, has just published an interesting article with this title, for CBS Money Watch.   He notes that this lag in employment has increased substantially in recent recessions from about one quarter before 1990 to more than a year in the last two recessions.   He suggests three factors that might account … Continue reading

Posted by Nigel Tree | Comments Off on What causes employment to lag output in recoveries?