Friday, June 05, 2015

Employment Situation: Unemployment Duration May 2015

Today's employment situation report showed that conditions for the long term unemployed improved in May while still remaining distressed by historic standards.

Workers unemployed 27 weeks or more declined to 2.502 million or 28.6% of all unemployed workers while the median term of unemployment declined to 11.6 weeks and the average stay on unemployment declined to 30.7 weeks.