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  • 标题:Uncertainty and the slow labor market recovery
  • 本地全文:下载
  • 作者:Sylvain Leduc ; Zheng Liu
  • 期刊名称:FRBSF Economic Letter
  • 出版年度:2013
  • 卷号:2013
  • 出版社:Federal Reserve Bank of San Francisco
  • 摘要:Since 2009, U.S. job vacancies have increased but unemployment has fallen more slowly than in past recoveries. There is evidence that heightened uncertainty about economic policy has been an important factor behind this change. Increased uncertainty may discourage businesses from filling vacancies, thereby raising unemployment. An estimate indicates that, without policy uncertainty, the unemployment rate in late 2012 would have been close to 6.5%, 1.3 percentage points lower than the actual rate.
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