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CentrePiece article
Jobs in the recession
Paul Gregg and Jonathan Wadsworth
July 2010
Paper No' CEPCP317:
Full Paper (pdf)

CentrePiece 15 (1) Summer 2010

JEL Classification: J0; J2; J3; J6

Tags: labour market; recession; unemployment; wages

The recession of 2008-09 inflicted a larger cumulative loss of UK output than any of the previous post-war recessions, yet there has been a relatively low loss of employment, at least so far. Paul Gregg and Jonathan Wadsworth look for an explanation.