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35 years of unemployment benefits in US – Extended benefits unemployment rate by about one-third percentage point in the most recent recession

35 years of unemployment benefits in US – Extended benefits unemployment rate by about one-third percentage point in the most recent recession

During the 2008-2009 recession, U.S. unemployment insurance (UI) benefits were extended to unprecedented levels, with UI duration increasing from 26 weeks—the regular duration—to as much as 99 weeks in some states, prompting a lively debate in policy and academic circles about the adverse effects of such extensions on the search behavior of job seekers and … Continue reading

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