Monday, February 7, 2011

Length of Average Unemployment

Similar to the Great Depression, people are currently experiencing a long duration of unemployment. By January 2010, the average wait to find employment was 35.2 weeks. In February 2011, the number of long-term unemployed out of work is 27 weeks or longer. Unfortunately we don’t know the number of weeks during the Great Depression as the government records for this statistic began in 1948.




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