A Closer Look

Long-term unemployment in US since 1950 – A chart

This FRED graph divides unemployed (civilian) workers according to the duration of their unemployment spell. The number of those unemployed for 27 weeks or more is still very high, while the other categories have recovered to normal levels. This level of persistently elevated unemployment is different from that during previous recessions, and there may even be some structural component to it, given how the long-term unemployed are still struggling.

Capture d’écran 2014-04-08 à 16.34.17

Chosen excerpts by Job Market Monitor. Read the whole story at  FRED Blog | Interesting graphs from the FRED library.

 

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