Finance

Number of workers unemployed for more than a year jumps by 248,000

0


A job seeker fills out an application form during a restaurant and hospitality career fair in Torrance, California, on June 23, 2021.

Eric Thayer/Bloomberg via Getty Images

The number of Americans out of work for at least a year jumped by 248,000 in June, underscoring persistent challenges for some households even as the broader labor market is improving.

Nearly 2.9 million people have been jobless for 52 weeks or more, according to the Bureau of Labor Statistics. (The agency only reports these figures without an adjustment for seasonal factors.)

That represented about 29% of all unemployed workers last month.

Such workers are among the long-term unemployed, or those experiencing a period of…



Source cnbc.com

Earnings season begins in the week ahead with eye-popping growth set to validate market’s 2021 run

Previous article

Customers warned on every crypto trade ‘you could lose all of your money’

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance