Long-term unemployment drops

Workers unemployed 27 weeks or more declined to 5.426 million or 42.6 percent of all unemployed workers

By , Guest blogger

  • close
    This chart shows the number of long-term unemployed workers since 2000. Since peaking in early 2010, numbers have steadily declined.
    View Caption

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Yesterday's employment situation report showed that conditions for the long term unemployed improved slightly in February but remained epically distressed by historic standards.

Workers unemployed 27 weeks or more declined to 5.426 million or 42.6% of all unemployed workers while the median number of weeks unemployed increased to 20.3 weeks and the average stay on unemployment declined to 40.0 weeks, the highest level ever recorded.

Recommended: Unemployment rate: How many Americans are really unemployed?

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Share this story:
 
 
Make a Difference
Inspired? Here are some ways to make a difference on this issue.
Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.
 

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...