High long-term joblessness not here to stay: Fed study


The Federal Reserve Bank of San Francisco at 1...

The Federal Reserve Bank of San Francisco at 101 Market Street. (Photo credit: Wikipedia)

By Ann Saphir – Since the end of the Great Recession, U.S. unemployment has remained elevated, measuring 7.9 percent in January.

Research published in the latest San Francisco Federal Reserve Bank Economic Letter by research advisor Rob Valletta debunks that view with an analysis of job-finding rates.

“Importantly, that finding implies that the current elevated level of long-term unemployment is likely to disappear over time,” Valletta wrote. more> http://tinyurl.com/b2dz8l2

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