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.
Chosen excerpts by Job Market Monitor. Read the whole story at FRED Blog | Interesting graphs from the FRED library.
- Long-term unemployment – Why does it matters
- US / Long- term unemployment spans all industries, education levels, age groups, and among blue- and white-collar workers
- US / Who Are the Long-Term Unemployed?
- US / The unique importance of UI for today’s unemployed workers
- US / The share of unemployed receiving jobless aid will drop to its lowest level
- Long-Term Unemployed in US – Only 11 percent have returned to steady, full-time employment a year later
- US / The Unemployment Problem is a long-term unemployment problem
- US Unemployment Rate / What if those who have left the labor force since the start of the Great Recession are counted ?