Long-term unemployment is climbing

Cypress

Well-known member

Long-term unemployment is climbing​

As the labor market continues to show signs of weakening, the number of Americans experiencing long-term unemployment has climbed to a post-pandemic high, The Washington Post reports. As of August, over 1.9 million people have been unemployed for six months or more, up from about 1 million in early 2023. While the current level is historically associated with economic downturns, one expert points to the present “low-hire, low-fire environment.” The overall unemployment rate has remained relatively low, but finding a job is very challenging.

 

Long-term unemployment is climbing​

As the labor market continues to show signs of weakening, the number of Americans experiencing long-term unemployment has climbed to a post-pandemic high, The Washington Post reports. As of August, over 1.9 million people have been unemployed for six months or more, up from about 1 million in early 2023. While the current level is historically associated with economic downturns, one expert points to the present “low-hire, low-fire environment.” The overall unemployment rate has remained relatively low, but finding a job is very challenging.

This is the very reason that the Fed dropped interest rates in a time of worsening inflation.
 

Long-term unemployment is climbing​

As the labor market continues to show signs of weakening, the number of Americans experiencing long-term unemployment has climbed to a post-pandemic high, The Washington Post reports. As of August, over 1.9 million people have been unemployed for six months or more, up from about 1 million in early 2023. While the current level is historically associated with economic downturns, one expert points to the present “low-hire, low-fire environment.” The overall unemployment rate has remained relatively low, but finding a job is very challenging.

IOW, former federal government parasites can't/won't get an actual job.
 
Losing jobs and having inflation are bad if you're a Democrat. If Trump does it, it is growing pains for the plutocracy. His followers cannot wait until the wealthy overlords get complete control.
MAGA morons never gave a shit about the economy.

They voted for Trump to legitimize their grievances against brown people, immigrants, and LGBTQs.
 
MAGA morons never gave a shit about the economy.

They voted for Trump to legitimize their grievances against brown people, immigrants, and LGBTQs.
Yup, that's it. It had NOTHING to do with Biden's depressed economy and EVERYTHING to do with "our" racism and bigotry.

Obviously. :rolleyes:
 
Yup, that's it. It had NOTHING to do with Biden's depressed economy and EVERYTHING to do with "our" racism and bigotry.

Obviously. :rolleyes:
When the Magatards focus on their hate and prejudice rather than being rational and concerned about the well being of the country; of course this will lead to a disasters. Also blaming Biden is merely an clumsy attempt to deflect responsibility away from Crazy Trump for the economical fiasco that Crazy Trump caused.
 
Yup, that's it. It had NOTHING to do with Biden's depressed economy and EVERYTHING to do with "our" racism and bigotry.

Obviously. :rolleyes:
I really like how you couldn't bring yourself to say the Biden economy was in a recession, a depression, or even in a downturn, because it just wouldn't be true.

Biden left the economy in significantly better shape than the economy Trump handed to him upon leaving office.
 
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