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Federal Reserve Bank of San Francisco
FRBSF Economic Letter
Long-term unemployment: what do we know?
Robert G. Valletta
Abstract

U.S. labor market conditions have improved over the past few years. But the average duration of unemployment has remained very high, suggesting that job prospects for the long-term unemployed have stagnated. However, a closer look at the data indicates that the incidence of long-term unemployment has declined over the past few years, and that job prospects for the long-term unemployed are not as downbeat as the average duration data suggest.


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Robert G. Valletta, "Long-term unemployment: what do we know?" , Federal Reserve Bank of San Francisco, FRBSF Economic Letter, number 03, 2013.
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Keywords: Unemployment ; Labor market - United States
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