Friday, July 16, 2010

St. Louis Fed Unemployment Data

The St. Louis Fed released data (found through Greg Mankiw's Blog) of the duration of unemployment in various periods.  Notice the huge uptick in the current economic period.

There are a couple of possible explanations.  First, duration might have increased as a result of the extensions of UI coverage.

But there is another possible explanation which is more troubling.  It could be possible that with changes in the economy that some people may find it tougher to be re-employed after losing their jobs.

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