期刊名称：Federal Reserve Bank of St. Louis - Regional Economist
出版年度：2015
出版社：Federal Reserve Bank of St. Louis
摘要：T he Great Recession (2007-09) led not only to much higher numbers of unemployed workers, but a lso, and more dramatica lly, to much longer spells of unem- ployment for the unemployed. Figure 1 shows that between 1970 and the start of the Great Recession, the median duration of unemployment never exceeded 12 weeks. At the end of 2007, it was only eight weeks. After that, the median unemployment spell reached 25 weeks , more than twice the max- imum since 1970. 1 Fur thermore, while in recent per iods the unemployment rate has recovered toward its historic average, the median unemployment spell has stubbornly remained high. Indeed, a large fraction of the unemployed are likely to be long-ter m unemployed (LTU), for which the standard definition is a continuous unemployment spell of 26 weeks or longer
