Long -term unemployment creates challenges for workers

US laboratory In a contract pattern with a relatively decrease in unemployment, but a slower frequency of employment caused the long -term work of workers to work in the recession amid economic uncertainty.

The BLS Statistics Office (BLS) tracks the number of individuals in the studied workforce Unemployed in the long runAnd that is defined as workers who were unemployed for 27 weeks or more.

In April, the percentage of unemployed workers increased in the long term as a share of the total employment group of workers to 23.5 %, which is the highest level in three years, when the economy recovered from the Covid’s pandemic and in the midst of the highest contract in contracts. He decreased to 20.4 % in May and remained above 20 % since April 2024.

Alison Sharvastava, an economist at the recruitment laboratory, has already told Fox Business that although economic data related to long -term unemployment could be “somewhat noisy” on a monthly basis, I noticed that “the long -term trend moves in an upward direction.”

The growth of jobs continued to slow down in May, amid economic uncertainty

“This scale, in particular, I look at it with things like workers’ layoff rates and smoking quit rates, all of this is the paint of this image of the stagnant labor market,” she explained.

“We have a low unemployment rate, but all this type of this type tells me that if you are in the labor market at the present time, you are likely to feel okay. But if you are trying to enter the labor market, you may have really difficult time because although no one really puts their workers, they do not add their working power as well,” said Sherfastava.

New graduates who face the “deteriorating” labor market with unemployment reaching the highest level in the years

The share of unemployed workers in the long term among all unemployed individuals has reached the highest level ever for more than 45 % in 2010 and 2011 during Great recession He slowly decreased over the course of the contract, less than 25 % decreased for the first time in 2016 and 20 % in 2019.

He rose again through Corona virus pandemicTo reach approximately 43 % in 2021, before declining to less than 20 % in mid -2012 and reaching a decrease after birth by 17.6 % in February 2023.

The head of the Federal Reserve Powell says that the American economy is in a “strong situation” where the central bank weighs the timing of price cuts

“It is definitely a difficult country there are people who cannot apostasy when they lose their jobs or even leave jobs as quickly

Bentley noticed that workers who find themselves are unemployed for a long time in the long run Financial breeds On the savings due to lack of income, as well as the loss of income generation or savings for retirement and other financial goals.

It can hinder functional momentum. Bentley added that long -term unemployment is not unique to workers at a certain stage of their career.

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“This still happens to people in the thirties, forties and fifties of the last century, whatever you want to call in the middle of his career. He hits people of all ages, and has a great impact. In fact, we really encourage people to move quickly to return to the labor market if they are placed or decide to make a change.”