AS U.S. HIRING SLOWS, MORE AMERICANS ARE JOB HUNTING FOR MONTHS
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✍️ The article discusses the growing number of Americans who have been jobless for more than six months, with the number of long-term unemployed people rising to 1.9 million in August, the highest level since 2021.
👉 The number of long-term unemployed people in the US has risen to 1.9 million in August, the highest level since 2021. 👉 The share of Americans defined as long-term unemployed has risen to 26%, the highest in more than three years. 👉 The job market is faltering, with employers putting the brakes on hiring and the number of job openings dropping. 👉 Economists warn that the rise in long-term unemployment poses two risks: financial setbacks for workers and a broader economic slowdown.
-- #AnnaWhitlock #JamesStrawn #LauraUllrich #EliseGould #MaryCunningham #Washingtonstate #Colorado #UniversityofMemphis #economy
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