[4]  https://www.rba.gov.au/speeches/2018/sp-dg-2018-10-17.html  5/13  10/17/2018  The State of the Labour Market | Speeches | RBA  Graph 4  Looking at the duration of unemployment, the median duration of unemployment has declined over the past year to be around 15 weeks. There has been a noteworthy decline recently in those who have been unemployed for a year or less.
The FOMC resolved at its December meeting to take advantage of an available, but unused policy, originally stated in early 1994, of releasing, on an infrequent basis, a statement immediately after some FOMC meetings at which the stance of monetary policy has not been changed.