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Local labor market cycles and their consequences : wages, hours of work, and unemployment

Author: Lee A Lillard; Rand Corporation.; United States. Department of Labor.
Publisher: Santa Monica, CA : Rand, [1986]
Series: Rand note, N-2276-DOL.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
This Note presents an analysis of state labor market cycles as represented by the annual average monthly unemployment rate. It discusses the implications both of long-run differences in the level and amplitude of the state cycles and of short-run cyclic variation for the annual incidence and duration of unemployment and for wages and hours of work. The study's findings indicate that the employment environment is not  Read more...
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Additional Physical Format: Online version:
Lillard, Lee A., 1943-
Local labor market cycles and their consequences.
Santa Monica, CA : Rand, [1986]
(OCoLC)621593771
Document Type: Book
All Authors / Contributors: Lee A Lillard; Rand Corporation.; United States. Department of Labor.
OCLC Number: 13561066
Notes: "Prepared for the U.S. Department of Labor."
"January 1986."
Description: ix, 59 pages : illustrations ; 28 cm.
Series Title: Rand note, N-2276-DOL.
Responsibility: Lee A. Lillard.

Abstract:

This Note presents an analysis of state labor market cycles as represented by the annual average monthly unemployment rate. It discusses the implications both of long-run differences in the level and amplitude of the state cycles and of short-run cyclic variation for the annual incidence and duration of unemployment and for wages and hours of work. The study's findings indicate that the employment environment is not stable. There is enormous variation across areas within the economy at any given time, and the situation in any particular area may change dramatically over time. The degree to which it changes and the environment in which the worker is placed are significantly different in different areas.

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