Saturday, December 5, 2009

Long-term jobless make up 38.3% of the unemployed population

The number of long-term jobless — those out of work six months or longer — is growing...The data, buried in Friday's unemployment report, are stark: The number of Americans out of work for 27 weeks or more reached 5.9 million last month, the most on records dating from 1948. That's 18 percent more than just three months ago, when the total was just below 5 million...the long-term jobless now make up 38.3 percent of the unemployed population, not that far from the 41.1 percent accounted for by those out of work for 14 weeks or less.

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