Inflow shocks, not duration, drive Britain's unemployment changes: study.
The study challenges the idea that changes in how long people are unemployed, rather than how likely they are to become unemployed, drive changes in overall unemployment rates in Britain. While outflow shocks played a role in the past, recent decades have seen inflow shocks as the main driver of unemployment changes. The researchers suggest that market-level factors, not individual-level ones, explain why unemployment rates stay high over time.