期刊名称：Federal Reserve Bank of St. Louis - Regional Economist
出版年度：2014
出版社：Federal Reserve Bank of St. Louis
摘要：T he labor market is comprised of employed and unemployed workers. The former have jobs. The latter do not but are able to work and a re actively seeking jobs. In contrast, labor market nonpar ticipants are neither working nor searching for jobs. Tran- sitions into and out of labor force nonpartici- pation have been noted in recent studies to aid understanding of labor market dynamics. 1 In particular, the flows between nonpartici- pation and unemployment have attracted attention in explaining the dynamics of u nemployment during the 2007-09 reces- sion and its aftermat h. However, t he flows between nonpart icipat ion and employment have received considerably less attention. The number of workers transitioning f rom nonparticipation to employment is substantial—a lmost 3.7 million each month on average between 2003 and 2013, accord- ing to the Bureau of Labor Statistics. 2 Given this magnitude, this flow's contribution to understanding labor market dyna mics is nont riv ial
