Defining short-, medium-, and long-term unemployment as less than 5, 5 to 26, and greater than 26 weeks, respectively, the differences between good years and bad years are

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The differences between good years and bad years are largest between short- and long-term unemployment because in good years, short-term unemployment is typically lower due to more available jobs, while in bad years, long-term unemployment increases significantly as people struggle to find work over extended periods.

Defining Short-, Medium-, and Long-Term Unemployment as Less Than 5