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Duration Unemployment in US

In June of 1983, the percentage of those unemployed 27 weeks or longer peaked at 26%. That is the only month prior to April of 2009 above the 25% mark.

Starting April of 2009, every month has been above the 25% mark.

Starting July of 2009, every month has been above the 30% mark.

Starting December of 2009, every month has been above the 40% mark…

via Mish’s Global Economic Trend Analysis: Trends in Duration of U.S. Unemployment.

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