Labor & Economic News Blog
Friday, December 04, 2009
Statement: Chad Stone, Chief Economist, on the November Employment Report
Statement: Chad Stone, Chief Economist, on the November Employment ReportToday’s report that the pace of job losses has dramatically abated is the most encouraging in a long time, but serious problems remain for unemployed job-seekers. The number of people who have been unemployed for 27 weeks or more continued to climb in November, and these long-term unemployed now are nearly 40 percent of total unemployment (see chart). Renewing the temporary assistance for unemployed workers scheduled to expire in less than a month and providing …
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