Friday, June 25, 2010

Long-term unemployment experience of the jobless

Introduction:
By the end of 2009, the jobless rate stood at 10.0 percent and the number of unemployed persons at 15.3 million. Among the unemployed, 4 in 10(6.1 million) had been jobless for 27 weeks or more, by far the highest proportion of long-term unemployment on record, with data back to 1948. This brief report compares the incidence of long-term joblessness among different age groups during the current recession."

Source: U.S. Bureau of Labor Statistics

Download pdf publication | Link to U.S. Bureau of Labor Statistics

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