record rise in long-term unemployment may yield a persistent residue of long-term unemployed workers with weak search … effectiveness. Second, conventional estimates suggest that the extension of Emergency Unemployment Compensation may have led to a … modest increase in unemployment. Despite these forces, we conclude that the problems facing the U.S. labor market are …

One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment … Unemployment," i.e., the extent to which increased unemployment during a recession arises from an increase in the number of … unemployment spells versus an increase in their duration. After broadly reviewing the previous literature, we replicate and extend …