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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

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Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF APPLIED BUSINESS AND ECONOMICS

The New Economic Reality and the Unemployment Rate:

Will It Ever Get Below 5% Again?

Author(s): Robert L. Howard, Belinda P. Shipps

Citation: Robert L. Howard, Belinda P. Shipps, (2013) "The New Economic Reality and the Unemployment Rate: Will It Ever Get Below 5% Again?," Journal of Applied Business and Economics, Vol. 14, Iss. 3, pp. 83-107

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The unemployment rate has been at 8% or higher during most months since June 2009, when the last

recession ended. In the past, the unemployment rate rose during recessions, continued to rise after the

official end of the recession, but then declined substantially. Some changes have occurred in the current

economy, however, which may prevent the normal decline in the unemployment rate after our most recent

recession. We evaluate these and make a conclusion of their impact on the unemployment rate and

society.