Labor & Economic News Blog
Thursday, July 24, 2014
The long-term unemployed might finally be getting jobs
The long-term unemployed might finally be getting jobsHere's the good news: in the past six months, unemployment has fallen much faster than expected, from 6.7 to 6.1 percent. And as you can see above, 88 percent of that has been due to declining long-term unemployment. But is it really good? Long-term unemployment might be falling for the bad reason that people are giving up, rather than for the good one that they're getting jobs.
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