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New York Fed: 'The Long-Term Rise of Labor Market Detachment: Evidence From Local Labor Markets'
November 26, 2024
NEW YORK, Nov. 26 (TNSres) -- The Federal Reserve Bank of New York issued the following staff report (No. 1138) in November 2024 by Jaison R Abel and Richard Deitz entitled "The Long-Term Rise of Labor Market Detachment: Evidence from Local Labor Markets."

Here are excerpts:

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We develop a measure of chronic joblessness among prime-age men and women in the United States--termed the detachment rate-- that identifies those who have been out of t . . .

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