Economics, Econometrics and Finance
4 years ago

Inflow and outflow rates shape long-term unemployment trends in the U.S.

SSRN Electronic Journal
Ins and Outs of the Long-Run Unemployment Dynamics
Hiroaki Miyamoto

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The article explores how people entering and leaving unemployment affect the long-term trend of unemployment rates in the U.S. Both the number of people becoming unemployed and those finding jobs play a significant role in shaping the overall unemployment rate over time. In fact, these two factors contribute equally to the changes in unemployment rates in the long run.