Unemployment Thoughts

The first puzzle about unemployment when thought about from within the search-matching framework is that unemployment rates are highest among the least skilled, among those worker/jobs with the easiest matches. It's hard to believe that it takes a year to match a construction worker to a job.
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There is a kind of mythology surrounding unemployment, which is often used in political rhetoric and at least according to my own observations is mostly fallacious. The narrative attributes various qualities to the unemployed:
  1. Laziness
  2. Lack of skills or education
  3. Dishonesty
  4. Free riders

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