46% of Unemployed Have Had No Job for Six Months

Written by FrumForum Editors on Sunday June 6, 2010

In a disturbing trend, a growing percentage of the unemployed have been without a job for almost half a year:

The proportion of people jobless for six months or more has accelerated in the past year and now makes up 46 percent of the unemployed. That's the highest percentage on records dating to 1948. By late summer or early fall, they are expected to make up half of all jobless Americans.

Economists say those out of work for six months or more risk becoming less and less employable. Their skills can erode, their confidence falter, their contacts dry up. Their growing ranks also will keep pressure on Congress to keep extending jobless benefits, which now run for up to 99 weeks.

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Category: Middle Rail