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Federal Reserve Bank of Chicago
Economic Perspectives
What is behind the rise in long-term unemployment?
Daniel Aaronson
Bhashkar Mazumder
Shani Schechter

This article analyzes what is behind the recent unprecedented rise in long-term unemployment and explains what this rise might imply for the economy going forward. In particular, the authors attribute the sharp increase in unemployment duration in 2009 to especially weak labor demand and, to a lesser degree, extensions in unemployment insurance benefits.

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Daniel Aaronson & Bhashkar Mazumder & Shani Schechter, "What is behind the rise in long-term unemployment?" , Federal Reserve Bank of Chicago, Economic Perspectives, issue Q II, pages 28-51, 2010.
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Keywords: Unemployment
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