A Bright Spot in Today's Bad News

by: Mark J. Perry

Believe it or not, there is a bright spot in today's BLS employment report. It's found in Table A-9 - the median duration of unemployment fell to a 15-month low of 8.1 weeks in March 2008, the lowest level since December 2006, and matches the third lowest level in more than six years (see graph below). That means that 50% of those unemployed are finding employment within about two months, one of the lowest levels since 2001!