Smith, Jennifer; Elsby, Michael - Department of Economics, University of Warwick - 2010
The increase in unemployment in the United Kingdom that accompanied the Great Recession has been conspicuous by its … have adjusted fully to the shocks that prompted the recession. Signs of reductions in match efficiency witnessed recently … moderation. The rise in joblessness is dwarfed by the recent experience of the United States, by past recessionary episodes in …