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Potential Causes and Implications of the Rise in Long-Term Unemployment, No. 11-09

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Potential Causes and Implications of the Rise in Long-Term Unemployment, No. 11-09

DATE: September 2011

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ABSTRACT: Long-term unemployment rose dramatically during the recent recession and remains elevated. A primary cause may be the fact that more workers with inherently low job finding rates have become unemployed. This would suggest that the natural rate of unemployment has increased, and that additional monetary stimulus may have only a limited effect on reducing unemployment.

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Hornstein, Andreas , Lubik, Thomas A. , Romero, Jessica Sackett and Federal Reserve Bank of Richmond. "Potential Causes and Implications of the Rise in Long-Term Unemployment, No. 11-09," Economic Brief (September 2011). https://fraser.stlouisfed.org/title/6034/item/583892, accessed on May 31, 2023.

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