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Business, 18.02.2021 21:20 sierravick123owr441

The unemployment rate measures only the fraction of the labor force searching for work. Sometimes economists are interested in the length of time that the unemployed have been out of work. One convenient summary measure is the median duration of unemployment. Plot this variable, and comment on how it has evolved over time, particularly during the last recession.

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The unemployment rate measures only the fraction of the labor force searching for work. Sometimes ec...
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