海角大神

Skip to footer

A recovery-less recovery? Analyzing the unemployment numbers

Today's reports showed that conditions for the long term unemployed worsened notably in May and remained distressed by historic standards. Workers unemployed 27 weeks or more increased to 5.411 million.

|
SoldAtTheTop
This chart shows the total number of civilians unemployed for 27 weeks and over, for the past ten years. It also has marked periods of recession during the decade. Conditions for the long term unemployed worsened notably in May.

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed worsened notably in May and remained epically distressed by historic standards.

Workers unemployed 27 weeks or more increased to 5.411 million or 42.8% of all unemployed workers while the median number of weeks unemployed increased to 20.1 weeks and the average stay on unemployment climbed to 39.7 weeks, the highest level ever recorded.

Looking at the charts below you can see that today鈥檚 sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
海角大神 was founded in 1908 to lift the standard of journalism and uplift humanity. We aim to 鈥渟peak the truth in love.鈥� Our goal is not to tell you what to think, but to give you the essential knowledge and understanding to come to your own intelligent conclusions. Join us in this mission by subscribing.
QR Code to A recovery-less recovery? Analyzing the unemployment numbers
Read this article in
/Business/Paper-Economy/2012/0601/A-recovery-less-recovery-Analyzing-the-unemployment-numbers
QR Code to Subscription page
Start your subscription today
/subscribe