Number of Long-Term Unemployed Workers Jumps by 248,000

Number of Long-Term Unemployed Workers Jumps by 248,000

Number of Long-Term Unemployed Workers, Jumps by 248,000.

According to data released July 9 by the Bureau of Labor Statistics.

2.9 million people in America have been unemployed for at least one year.

The number is equal to 29 percent of all people who are currently unemployed.

There are many people who lost their jobs early on in the recession who’ve been unemployed ever since, Heidi Shierholz, Economic Policy Institute, via CNBC.

Close to two dozen states have shuttered access to federal pandemic unemployment assistance.

Despite the grim data, analysts say the numbers are reflective of pandemic economy trends.

As the overall unemployment rate comes down, I expect the long-term unemployment rate will come down, Heidi Shierholz, Economic Policy Institute, via CNBC.

850,000 jobs were added to the U.S. economy in June