The Inexorable Recoveries of Unemployment
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Unemployment recoveries in the US have been inexorable. Between 1948 and 2019, the annual reduction in the unemployment rate during cyclical recoveries was fairly tightly distributed around 0.1 log points per year. The economy seems to have an irresistible force toward restoring full employment. In
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美国国家经济研究局创建时间：
2020-11-01
