Employment Situation: Unemployment Duration July 2017

The latest employment situation report showed that conditions for the long term unemployed generally worsened in July.

Workers unemployed 27 weeks or more increased to 1.785 million or 25.9% of all unemployed workers while the median term of unemployment increased to 10.6 weeks and the average stay on unemployment increased to 24.9 weeks.

Employment Situation: Unemployment Duration December 2016

Today's employment situation report showed that conditions for the long term unemployed went flat in December.

Workers unemployed 27 weeks or more declined to 1.831 million or 24.2% of all unemployed workers while the median term of unemployment increased to 10.3 weeks and the average stay on unemployment declined to 26.0 weeks.

Employment Situation: Unemployment Duration November 2016

The latest employment situation report showed that conditions for the long term unemployed improved in November.

Workers unemployed 27 weeks or more declined to 1.856 million or 24.8% of all unemployed workers while the median term of unemployment declined to 10.1 weeks and the average stay on unemployment declined to 26.3 weeks.

Employment Situation: Unemployment Duration November 2014

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

Workers unemployed 27 weeks or more declined to 2.815 million or 30.7% of all unemployed workers while the median term of unemployment decreased to 12.8 weeks and the average stay on unemployment increased to 33.0 weeks.

Employment Situation: Unemployment Duration September 2014

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

Workers unemployed 27 weeks or more declined to 2.954 million or 31.9% of all unemployed workers while the median term of unemployment increased to 13.3 weeks and the average stay on unemployment went declined to 31.5 weeks.

Recovery-less Recovery: Unemployment Duration March 2014

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

Workers unemployed 27 weeks or more declined to 3.739 million or 35.8% of all unemployed workers while the median term of unemployment declined to 16.3 weeks and the average stay on unemployment went declined to 35.6 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

Recovery-less Recovery: Unemployment Duration October 2012

wBe sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed worsened in October remaining epically distressed by historic standards.

Workers unemployed 27 weeks or more increased to 5.002 million or 40.6% of all unemployed workers while the median number of weeks unemployed climbed to 19.6 weeks and the average stay on unemployment rose to 40.2 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

Recovery-less Recovery: Unemployment Duration April 2012

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed improved in April but remained epically distressed by historic standards.

Workers unemployed 27 weeks or more declined to 5.101 million or 41.3% of all unemployed workers while the median number of weeks unemployed declined to 19.4 weeks and the average stay on unemployment declined to 39.1 weeks, the highest level ever recorded.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

Recovery-less Recovery: Unemployment Duration May 2011

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

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

Workers unemployed 27 weeks or more jumped to 6.2 million or 45.1% of all unemployed workers while the median number of weeks unemployed increased to 22.0 weeks and the average stay on unemployment surged to 39.7 weeks, a new high for the series.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

Recovery-less Recovery: Unemployment Duration February 2010

Nothing says recovery less than a steadily increasing pool of unemployed workers facing the specter of a quickly increasing average (and median) length stint on unemployment.

In fact, as has been widely reported, the median and average stay on unemployment has simply exploded far surpassing the highest levels seen since records have been regularly kept.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

Currently, there are some 6.133 million civilian workers that have been unemployed for 27 weeks or more with the average stay on unemployment standing at a whopping 29.7 weeks and the median stay reaching 19.4 weeks.



Further, as you can see from past cycles, all three of these measures will likely eventually reach their peaks well after the official end of our current economic contraction.

In fact, the most recent two completed cycles (90s S&L crisis and dot-com bust contractions) saw duration of unemployment continue to grow for some two to four years after the technical end of their respective recessions… a solemn notion indeed.

One might consider, with such stark examples of epic structural unemployment, whether the future negative feedback functions associated to this brutal a bout of joblessness are currently being underestimated.