The cost of job loss in the great recession: How bad has it been?

Abstract

Job losers in the Great Recession have had substantially more difficulty finding employment than in earlier recessions, according to Henry Farber of Princeton. Roughly fifty percent of those who lost jobs between 2007 and 2009 remained without work in 2010 and and even those full-time job losers who did find jobs are more likely to be part time than in past recessions.