Switch to Desktop Site
 
 

A recovery-less recovery? Analyzing the unemployment numbers

(Read article summary)
Image

SoldAtTheTop

(Read caption) 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.

About these ads

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’s 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.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.

Share

Loading...