Long-term unemployment numbers in US reach record of 5 million
... the average bout of unemployment has reached 25 weeks, the longest since the end of World War II, and is likely to increase as the jobless rate goes higher. Most economists expect the national unemployment rate, now 9.7 percent, to top 10 percent before peaking next year. Full Story »
Posted by Kaizar Campwala - via NewsRack (Recession), Boston Globe, Google News (Business)
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