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Periods of long-term unemployment — more than a few months — can be financially and emotionally distressing, causing worry, anxiety, and more. More people are facing long-term unemployment due ...
A 2013 study by the Economic Policy Institute reveals that if a college-educated worker becomes unemployed they are as likely as any other worker—of whatever level of education—to get trapped ...
The U.S. economy added 199,000 jobs last month, and the unemployment rate dropped to 3.7%, the Bureau of Labor Statistics reported Friday. That’s compared with consensus estimates for 150,000 ...
The United States Bureau of Labor Statistics (BLS), which reports current long-term unemployment rate at 1.9 percent, defines this as unemployment lasting 27 weeks or longer. Long-term unemployment is a component of structural unemployment, which results in long-term unemployment existing in every social group, industry, occupation, and all ...
By October 2009, the unemployment rate had risen to 10.1%. [20] A broader measure of unemployment (taking into account marginally attached workers, those employed part-time for economic reasons, and some (but not all) discouraged workers) was 16.3%. [21] In July 2009, fewer jobs were lost than expected, dipping the unemployment rate from 9.5% ...
According to new data, the push by states to fill vacant jobs by ending unemployment benefits was not fruitful. Using recent data from the Household Pulse Survey collected by the U.S. Census ...
Unemployment rose to double digits for the first time since 1941 in September 1982, and stood at a postwar high of 10.8% by the end of the year. [11] The total increase in unemployment was 3.6%, which was less than the 1973–75 recession increase of 3.8%, yet still higher than the 2.9% average
The unemployment rate was 6.7% at the end of his term, up two percentage points from the start of the term. The COVID-19 pandemic drove much of those job losses, Reuters noted.