Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at … present resulting from the Great Recession of 2007–09. We assess the human cost of increased unemployment by surveying what … is known about the effects of past recessions. If past is prologue, the cost to the unemployed (and society) could be …

unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the … forecast error variance of unemployment is accounted for by cyclical factors-real GDP changes (?Okun‘s Law?), monetary and … dispersion of industry-level stock returns, account for the remaining 25 percent. For U.S. long-term unemployment the split …