Relatively Sensible Economic Laurates This Year
Some would belittle these insights as being trivial, but that overlooks that many economic models in fact overlooks these insights. One example of this is the Classical models that assume that wage adjustments are sufficient to eliminate unemployment, or Keynesian models that assumes that increased "aggregate demand" can solve unemployment.
It should further be noted that the laurates note that more generous unemployment benefits will increase "frictional unemployment" as the unemployed will put less effort into finding a new job. That means that more generous unemployment benefits will increase unemployment even if wages are completely rigid. And it also means that even in a recession, as long as there are any job openings, increased unemployment benefits will increase unemployment.