Economics @ ITT

Duration of Unemployment Data Collection Extended from 2 to 5 Years

Posted in economics, employment, macroeconomics by ittecon on December 30, 2010

The Current Population Survey by the Bureau of Labor Statistics will now collect longer term unemployment data, extended the data collection period from 2 to 5 years in order to assess the effects of the Great Recession. The change will not affect the estimate of the number of unemployed persons and will not affect other data series on the duration of unemployment.

 

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