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Deconstructing Strucutral Unemployment
Deconstructing Strucutral Unemployment
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From the Center for Economic Policy Research:
In this report, we use data from the Census Bureau’s Displaced Workers Survey (DWS) to examine evidence on both of these links between the housing market and structural unemployment.8 The DWS is a biennial survey, conducted as part of the Current Population Survey (CPS), that studies the experience of “long-tenured displaced workers.” As defined by the Bureau of Labor Statistics (BLS), displaced workers are “persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.” Following the BLS, we focus on “long-tenured” displaced workers, who are those who “worked for their employer for 3 or more years at the time of displacement.”9 The DWS is particularly well-suited to the analysis of economic restructuring because it tracks workers who lost relatively long-standing jobs for specific reasons beyond their control.
In this report, we use data from the Census Bureau’s Displaced Workers Survey (DWS) to examine evidence on both of these links between the housing market and structural unemployment.8 The DWS is a biennial survey, conducted as part of the Current Population Survey (CPS), that studies the experience of “long-tenured displaced workers.” As defined by the Bureau of Labor Statistics (BLS), displaced workers are “persons 20 years of age and older who lost or left jobs because their plant or company closed or moved, there was insufficient work for them to do, or their position or shift was abolished.” Following the BLS, we focus on “long-tenured” displaced workers, who are those who “worked for their employer for 3 or more years at the time of displacement.”9 The DWS is particularly well-suited to the analysis of economic restructuring because it tracks workers who lost relatively long-standing jobs for specific reasons beyond their control.
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