Most spells of unemployment are short, and most unemployment observed at any given time is short-term.

Name: Most spells of unemployment are short, and most unemployment observed at any given time is short-term.
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Most spells of unemployment are indeed short, but most of the unemployment observed at any given time is long-term because a small number of people are unemployed for a long time, contributing significantly to the overall unemployment rate.

Most Spells of Unemployment Are Short, and Most Unemployment Observed