JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Dynamic Unemployment along Recessions and Recoveries: The U.S. Experience 1968 – 2015
Author(s): Christopher Annala, Anthony Yanxiang Gu
Citation: Christopher Annala, Anthony Yanxiang Gu, (2018) "Dynamic Unemployment along Recessions and Recoveries: The U.S. Experience 1968 – 2015," Journal of Applied Business and Economics, Vol. 20, Iss.2, pp. 20-33
Article Type: Research paper
Publisher: North American Business Press
Abstract:
This research examines the dynamics of the unemployment rate and jobless recoveries in The United
States. We find that GDP, productivity, and inflation are positively related to employment recovery and
real wage growth has a negative impact on employment recovery. A low inflation rate is a major factor
associated with lengthened recoveries. The unemployment rate is significantly negatively related with
productivity, real wage, and lagged GDP growth. Rising imports as a percentage of GDP put upward
pressure on the unemployment rate. We find that unknown and unmeasurable factors associated with
recessions are positively related to the unemployment rate.