Federal Reserve Bank of Chicago
What is behind the rise in long-term unemployment?
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.
Cite this item
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.
This item with handle RePEc:fip:fedhep:y:2010:i:qii:p:28-51:n:v.34no.2
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