The Truth About Long-Term Unemployment In America
Here is a graph showing illustrating the long term unemployment issue (Presence of "Discouraged Workers"):
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According to the BLS, there are 5.518 million workers who have been unemployed for more than 26 weeks and still want a job. This was down from 5.588 million in November. This is very high, but this is the lowest number since September 2009. Long term unemployment remains a serious problem.
It's really interesting that with the exception of the mid-70's, every rise in long-term unemployment has come at the beginning of a decade, and through both democratic presidents, and republican presidents.
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