Is Job Polarization Holding Back the Labor Market?

by Sabrina I. Pacifici on March 27, 2013

Is Job Polarization Holding Back the Labor Market? by Stefania Albanesi, Victoria Gregory, Christina Patterson, and Ayşegül Şahin – New York Fed

  • “More than three years after the end of the Great Recession, the labor market still remains weak, with the unemployment rate at 7.7 percent and payroll employment 3 million less than its pre-recession level. One possibility is that this weakness is a reflection of ongoing trends in the labor market that were exacerbated during the recession. Since the 1980s, employment has become increasingly concentrated among the highest- and lowest-skilled jobs in the occupational distribution, due to the disappearance of jobs focused on routine tasks. This phenomenon is called job polarization.”
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