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Strategies & Market Trends : The Residential Real Estate Crash Index
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From: Giordano Bruno5/10/2009 10:55:23 AM
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Unemployed—and Staying That Way

The extent of the difficulties finding new work are indicated by one particular startling number. The share of the unemployed who have been out of work and searching for a job for at least six months is now at nearly a third—27.0 percent—and an all-time high, despite the fact that employers have been shedding jobs at a record rate over the past few months. With so many new workers laid off, the increase in the share of long-term unemployed is striking.

americanprogress.org
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