Economy

24% of unemployed workers have been jobless for over a year

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The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in Arlington, Virginia.

Liu Jie/Xinhua via Getty Images

‘Breathtaking’

In all, those long-term unemployed represented 24% of the 9.9 million total jobless workers last month, according to the bureau. (The data are without seasonal adjustments.)

“I think that number is pretty breathtaking, that nearly a quarter of unemployed workers have been unemployed for over a year,” said Heidi Shierholz, director of policy at the Economic Policy Institute and former chief economist at the Department of Labor from 2014 to 2017.

“It really shows that even as the economy is recovering, you have a lot…



Source cnbc.com

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