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Title: Sectoral Employment and Aggregate Labor Market

Citation Type: Miscellaneous

Publication Year: 2013

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Abstract: This paper studies the slow job market recovery in the U.S. after each post-1990 recession from a sectoral perspective. I establish the following six stylized facts using BLS establishment survey and IPUMS-CPS March data. (i) The U.S. job market has taken signi cantly longer to recover after each recession since 1990. (ii) Goods sector employment has been shrinking while service sector employment has been expanding. (iii) Relative employment growth in service changed from countercyclical to acyclical after 1990, but it remained procyclical in goods. (iv) The recovery of goods sector employment was slow after each post-1990 recession. (v) Educational attainment for service sector workers has surpassed that of goods sector workers since 1990. (vi) The skill premium of workers with college plus education has increased faster in service sector when compared to that in goods sector. The above-listed six facts indicate that the increasing educational barrier of sectoral labor reallocation is the major culprit behind post-1990 jobless recoveries.

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Authors: Cui, Carol

Publisher: Ohio State University

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure

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