in unemployment over the course of the Great Recession, while countries with relatively rigid institutions and strict …; evidence suggests that flexible labor markets keep unemployment lower in the long run. …

Long-term unemployment rose dramatically during the recent recession and remains elevated. A primary cause may be the … rate of unemployment has increased, and that additional monetary stimulus may have only a limited effect on reducing … unemployment. …

the dynamics of the aggregate unemployment rate across the four most recent recessions. This research finds an increased …Labor market research often focuses on transition rates between employment and unemployment without analyzing the … role for transition rates between nonparticipation and unemployment during the Great Recession and recovery. …