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February 2011

Net flows in the U.S. labor market, 1990-2010

Robert Dixon, John Freebairn, Guay C. Lim

Except in the most recent recession, net flows were from unemployment to employment (even in previous recessions), from employment to not in the labor force (even in booms), and from not in the labor force to unemployment; changes in the unemployment rate across subperiods varied chiefly with the size of the net flow between employment and unemployment.

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