Friday, July 8, 2011

UEMPMEAN - UEMPMED: Structural Unemployment

So using the mean and median weeks of unemployment time series data from the Fed FRED, here is what the spread between the mean time and median time looks like... so as mean times increase relative to median times, this would seem to indicate either a larger sub-group of long term unemployed, or that sub-group is experiencing longer durations of unemployment, or both.

What changed in the 2001 recession that resulted in a higher floor for the spread?

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