Recovery-Less Recovery: Long-Term Unemployed Data for March

by: Sold At The Top

Today's employment situation report showed that conditions for the long-term unemployed worsened in March while remaining epically distressed by historic standards.

Workers unemployed 27 weeks or more increased to 6.122 million or 45.5% of all unemployed workers while the median number of weeks unemployed increased to 21.7 weeks and the average stay on unemployment jumped to 39.0 weeks, a new high for the series.

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.

Click to enlarge charts