The previous question concerned the unemployment rate and the distribution of weeks of unemployment immediately prior to

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The previous question concerned the unemployment rate and the distribution of weeks of unemployment immediately prior to the Great Recession. Looking at the Great Recession, the data show roughly 12.7 million people were unemployed in 2009. Of these, 2.7 million were unemployed for less than 5 weeks, 3.3 million were unemployed for 5–14 weeks, 2.5 million were unemployed for 15–26 weeks, and 4.2 million were unemployed for 27 or more weeks. Generally, how did the unemployment picture change with the Great Recession?

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Labor Economics

ISBN: 9781260565522

8th Edition

Authors: George Borjas

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