April 2, 2014
While there has been a gradual process of increasing unemployment durations, on average, for the past decade or so, St. Louis Fed Economist David Wiczer pointed out that previous recessions didn’t have the same sort of spike in long-term unemployment as the 2007-09 recession.
Audio courtesy of Bloomberg Radio.
Having trouble with the audio? Download the MP3.
President and Chief Executive Officer
Executive Assistant to the President
Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin
Senior Economist and Special Assistant to the President
"Rationally, let it be said in a whisper, experience is certainly worth more than theory."