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Long-term unemployment: what do we know?

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  • 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.

Suggested Citation

  • Robert G. Valletta, 2013. "Long-term unemployment: what do we know?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue feb4.
    • Handle: RePEc:fip:fedfel:y:2013:i:feb4:n:2013-03
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    References listed on IDEAS

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    1. Jesse Rothstein, 2011. "Unemployment Insurance and Job Search in the Great Recession," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 42(2 (Fall)), pages 143-213.
    2. Daniel Aaronson & Bhashkar Mazumder & Shani Schechter, 2010. "What is behind the rise in long-term unemployment?," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 34(Q II), pages 28-51.
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    Cited by:

    1. Rudebusch, Glenn D. & Williams, John C., 2016. "A wedge in the dual mandate: Monetary policy and long-term unemployment," Journal of Macroeconomics, Elsevier, vol. 47(PA), pages 5-18.
    2. Gina Cristina Dimian & Liviu Stelian Begu & Josef Jablonsky, 2017. "Unemployment and labour market mismatch in the European Union Countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 35(1), pages 13-44.
    3. Ferdie Angelo A. Perante & Wilma A. Perante & Wilferd Jude A. Perante, 2023. "Unemployment Before–Amidst COVID-19: Shifts in the Predictive Factors of the Number of Weeks Spent Looking for Work," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(9), pages 2007-2017, September.

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    Keywords

    Unemployment; Labor market - United States;

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