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November 2014

The increased supply of underutilized labor from 2006 to 2014

Gerald Mayer

Four BLS measures of labor underutilization indicate that, from just before the 2007–2009 recession to June 2014, (1) the increase in the number of people marginally attached to the labor force had a small impact on the decline in the labor force participation rate and (2) the concomitant unprecedented increase in the number of long-term unemployed could result in structural unemployment.

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Book Reviews

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Welcome to the jungle: organized labor in decline

Graham Boone

A collection of 13 papers on workers’ rights and the impact of the decline of U.S. labor unions.

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Beyond BLS

Big-box stores pay workers good wages

Maureen Soyars

Despite concerns that employment growth within the retail industry means more low-paying jobs, researchers find that the growth of big-box stores leads to greater earnings.

Is a college degree still worth it?

Eleni Karageorge

Despite higher tuition and lower earnings upon graduation, Federal Reserve Bank of New York economists find that going to college still pays.

Is disability insurance used as a form of extended unemployment insurance?

Serah Hyde

Although disability insurance applications rise during economic downturns, researchers find that expiration of unemployment insurance benefits and increases in disability insurance applications have very little correlation.

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