🇺🇸 U.S. long-term unemployment is rising fast. Americans unemployed for 15+ weeks have climbed to 3.1M, the highest since Oct 2021. That’s +1.2M over the last 3 years. Those unemployed for 27+ weeks are up +900K to 1.9M — the highest since Dec 2021. Long-term unemployed now make up 26% of total unemployment a level only seen near major downturns like 2008 and 2020. It now takes an average of 11 weeks to find a new job, the longest since 2021. The labor market is weakening under the surface. ⚠️📉

🇺🇸 U.S. long-term unemployment is rising fast.

Americans unemployed for 15+ weeks have climbed to 3.1M, the highest since Oct 2021.

That’s +1.2M over the last 3 years.
Those unemployed for 27+ weeks are up +900K to 1.9M — the highest since Dec 2021.

Long-term unemployed now make up 26% of total unemployment a level only seen near major downturns like 2008 and 2020.

It now takes an average of 11 weeks to find a new job, the longest since 2021.

The labor market is weakening under the surface. ⚠️📉