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How did unemployment insurance extensions affect the unemployment rate in 2008–10?


Abstract: During recessions, it is common for the federal government to extend the standard unemployment insurance (UI) program. Many economic studies have shown that workers who receive UI extensions tend to take longer to find new employment, leading to a somewhat longer average duration of unemployment among all workers.

Keywords: Employment (Economic theory); Unemployment;

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Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2011

Issue: Apr

Order Number: 285