A Shift for the Future: Unemployed Seeking Work Could Hit 26 Million
Friday, April 9th, 2010While many economists say this decade’s Great Recession ended in the middle of 2009, millions of struggling Americans still working hard to find meaningful employment would definitely disagree…and now, the figures do too.
According to the latest U.S. Bureau of Labor Statistics employment report, more than 40% of the nation’s 14.9 million unemployed workers have been out of a job for at least 27 weeks, with an average member of this beleaguered club having been unemployed for 29.7 weeks. For those keeping count, that’s nearly seven months.
And with each passing month, it becomes more and more clear that finding new jobs isn’t getting any easier, with leading economists speculating that not only is the nearly 10% unemployment rate not likely to fall anytime soon, but also that the actual number of workers seeking full-time jobs is on par to grow.…