Tuesday, August 16, 2011

Fact #8

Unemployed workers continue to face near-record spells of unemployment.

-         “The share of unemployed workers who had been jobless for more than six months shot up from 17.6% in the first half of 2007 to 29.3% at the official end of the recession to over 45.6% by the spring of 2010, an all-time record… It is currently 45.1%. The fact that layoffs have abated in the recovery provides little relief to the already unemployed.”

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