An important development during the Great Recession (roughly 2008-2012) was that
A) more than 35 percent of all unemployed workers remained unemployed for more than 26 months.
B) most than 50 percent of all unemployed workers remained unemployed for 13 to 26 weeks.
C) the unemployment rate increased dramatically but the average unemployment spell remained constant at about 8 weeks of unemployment.
D) more than 70 percent of all unemployed workers exited unemployment within 5 weeks; however, most of this movement was due to the unemployed becoming discouraged and exiting the labor force rather than finding a job.
E) the amount of frictional and seasonal unemployment increased dramatically while the amount of structural unemployment decreased substantially.

Question

Quizplus · Accepted Answer

During the Great Recession, the duration of unemployment increased significantly, with many workers remaining unemployed for extended periods, such as 13 to 26 weeks.

An Important Development During the Great Recession (Roughly 2008-2012) Was