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Unemployment By Industry: Duration Must Be Considered, Too
Monday, February 15, 2016 7:43
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from the St Louis Fed
– this post authored by YiLi Chien and Paul Morris
To better understand unemployment in key industries, not only the unemployment rate but the duration of unemployment in those industries needs to be examined. Focusing only on the former could lead to misguided efforts to assist the unemployed. This article investigates the behavior of both the unemployment rate and the duration of unemployment across industries from 2005 through 2014, a period that includes the Great Recession (2007-09).
Source: http://econintersect.com/pages/contributors/contributor.php?post=201602150633
