The Labor Market in the Great Recession

Benefits and Earnings Losses for Permanently Disabled Workers in California: Trends Through the Great Recession and Impacts of Recent Reforms

“…During the same period, the average weekly hours of workers in the private sector declined from 34.6 in 33.8. While reductions in hours and employment are typical of U.S. recessions, the Great Recession was unusual in that the rate at which unemployed workers found new jobs or exited the labor force was the lowest since the Second World War (Elsby, Hobijn et al 2010). The Great Recession's impact on California's labor market was far more severe than in the nation as a whole, as illustrated by Figure 2.1.…”

“…Another aspect of unemployment during the downturn was that the impact varied across demographic groups, in terms of sex, age, education and race. Men, workers under 25, workers without college education, and black and Hispanic workers were more affected than other groups (Elsby, Hobijn et al 2010). Some scholars have also documented differences in outcomes between workers with disability and those without.…”

The Association between Employment- and Housing-Related Financial Stressors and Marital Outcomes during the 2007–2009 Recession

“…Job loss during the recession reached levels not seen since the Great Depression (Aaronson et al, 2010;Elsby et al, 2010;Fligstein & Goldstein, 2009;Katz, 2010). Unemployment numbers leapt from 4.8% at the end of 2007 to 9.7% during the last quarter of 2009 (Katz, 2010).…”

“…Every indicator relating to the labor market and unemployment suggested that the 2007-2009 Recession was unique in both its depth and duration (Aaronson, Mazumder, & Schechter, 2010;Elsby, Hobijn, & Sahin, 2010;Fligstein & Goldstein, 2009;Katz, 2010). Job loss during the recession reached levels not seen since the Great Depression (Aaronson et al, 2010;Elsby et al, 2010;Fligstein & Goldstein, 2009;Katz, 2010).…”

Benefits and Earnings Losses for Permanently Disabled Workers in California: Trends Through the Great Recession and Effects of Recent Reforms

“…During the same period, the average weekly hours of workers in the private sector declined from 34.6 to 33.8. While reductions in hours and employment are typical of U.S. recessions, the Great Recession was unusual in that the rate at which unemployed workers found new jobs or exited the labor force was the lowest since the Second World War (Elsby, Hobijn, and Şahin, 2010). The Great Recession's negative impact on California's labor market was far more severe than in the nation as a whole, as illustrated by Figure 2.1.…”