Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Why is unemployment duration so long?
Robert G. Valletta
Katherine Kuang

During the recent recession, unemployment duration reached levels well above those of past downturns. Duration has continued to rise during the uneven economic recovery that began in mid-2009. Elevated duration reflects such factors as changes in survey measurement, the demographic characteristics of the unemployed, and the availability of extended unemployment benefits. But the key explanation is the severe and persistent weakness in aggregate demand for labor.

Download Full text
Download Full text
Cite this item
Robert G. Valletta & Katherine Kuang, "Why is unemployment duration so long?" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 03, 2012.
More from this series
JEL Classification:
Subject headings:
Keywords: Unemployment
For corrections, contact Federal Reserve Bank of San Francisco Research Library ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal