Explaining the recent decline in the unemployment rate

Lisa Barrow

Chicago Fed Letter, 2011, issue June, No 287

Abstract: The unemployment rate fell by nearly 1 percentage point between November 2010 and March 2011. Was this drop due to unemployed workers exhausting their unemployment insurance (UI) benefits and choosing to stop looking for work or due to more positive labor market developments, such as fewer workers losing their jobs or more workers finding new jobs?

Keywords: Labor mobility; Unemployment; Labor policy (search for similar items in EconPapers)
Date: 2011
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