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Long-Term Unemployment Rises in October to 40.6%
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 26873825:MV8yMDM2Mjc4XzM0MjM4MjE5X0UxRjRBNTVF] [quote:Saddletramp:MV8yMDM2Mjc4XzM0MjMzMzE2X0E3ODg1NUY5] The MSM tried to sell this as a positive this morning, this and the rise in unemployment to 7.9% They said it meant that more people who had been out of work were regaining hope and looking for work again... :laugh: [/quote] romney says people are losing hope and giving up looking for work when it goes down. [/quote]
Original Message
The long-term unemployment rate rose to 40.6 percent in October, up from September’s level of 40.1 percent of the total unemployed...
Long-term unemployment is unemployment lasting for 27 consecutive weeks or longer, according to BLS.
The government reported that just over 5 million people were unemployed for more than six months...
Long-term unemployment has remained elevated since the end of the recession in 2009. In January 2009, when President Obama took office, there were 2.7 million long-term unemployed Americans. By August of that year – after the recession had ended in June – that number had crossed the 5 million mark.
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link to cnsnews.com
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