Reports from the Economic Front

a blog by Marty Hart-Landsberg

Unemployment: It Is Lasting A Lot Longer

This chart comes from the Bureau of Labor Statistics:

length-of-unemployment.png

[click on the chart for clearer view]

Not only is the unemployment rate high, those who are unemployed remain so far longer than before.  For example, in October 2009, 35.6% of those unemployed were jobless for 27 weeks or more.  As the chart illustrates, this is a record high.

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