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Recent trends in unemployment duration
| Content Provider | Semantic Scholar |
|---|---|
| Author | Valletta, Robert G. |
| Copyright Year | 2002 |
| Abstract | has ended, as national output grew moderately during the first three quarters of 2002. Unemployment, however, remains a problem. Between late 2000 and early 2002, the national unemployment rate increased by about 2 percentage points, from 3.9% to about 6%; this represents about 2.8 million additional individuals looking for work.Thus far in 2002, payroll employment has been flat to down nationwide, and the unemployment rate has stayed stubbornly close to 6%, raising the specter of a “jobless recovery” from the 2001 recession. Persistent labor market weakness implies that the amount of time spent unemployed (unemployment duration) is likely to increase, which in turn has important implications for household well-being. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://frbsf.org/publications/economics/letter/2002/el2002-35.pdf |
| Alternate Webpage(s) | http://www.frbsf.org/economic-research/publications/economic-letter/2002/december/recent-trends-in-unemployment-duration/el2002-35.pdf |
| Alternate Webpage(s) | http://www.frbsf.org/economic-research/publications/economic-letter/2002/november/recent-trends-in-unemployment-duration/el2002-35.pdf |
| Alternate Webpage(s) | https://www.frbsf.org/economic-research/files/el2002-35.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
