Jobs report not so great for the long term unemployed
Friday's employment situation showed that conditions for the long term unemployed worsened notably in聽February while still聽remaining distressed by historic standards.
Workers unemployed 27 weeks or more increased to 4.797 million or 40.2% of all unemployed workers while the median term of unemployment increased to 17.8 weeks and the average stay on unemployment increased to 36.9 weeks.
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.
