In October 2023, only about 1.3 million workers were classified as long-term unemployed. People unemployed for the long term made up about 23% of total unemployed persons in October, the bureau said.
Fiscal contractions raise both short-term and long-term unemployment, as shown in Chart 3, but the impact is much greater on the latter. Long-term unemployment refers to spells of unemployment lasting ...
The number of Americans collecting unemployment benefits rose to 1.9 million last week, the highest level since November 2021, according to data released by the Labor Department on Thursday.
Here, reproduced with permission is the latest unemployment chart from ShadowStats ... equal to U-6 plus an estimate of what he calls long-term discouraged workers, or LTDWs, for short.