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Assessing the Recent Rise in Unemployment

Author

Listed:
  • Greeshma Avaradi
  • Marianna Kudlyak
  • Brandon E. Miskanic
  • David Wiczer

Abstract

The unemployment rate has risen over half a percentage point since the second quarter of 2023. Individual survey data underlying the unemployment rate can help in assessing which labor market transitions account for this rise. One dominant factor appears to be a fall in the job-finding rate—the share of unemployed individuals finding employment. The duration of unemployment has also increased recently. In past decades, these patterns have frequently occurred during the onset of recessions, which suggests that these data should be closely monitored.

Suggested Citation

  • Greeshma Avaradi & Marianna Kudlyak & Brandon E. Miskanic & David Wiczer, 2025. "Assessing the Recent Rise in Unemployment," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2025(09), pages 1-6, April.
    • Handle: RePEc:fip:fedfel:99870
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    References listed on IDEAS

    as
    1. Robert Shimer, 2012. "Reassessing the Ins and Outs of Unemployment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 127-148, April.
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