Saturday, December 5, 2009

Long-term unemployment soars

According to data released by the Department of Labor on Friday, long-term unemployment in the US is soaring:

From the AP:
The number of Americans out of work for 27 weeks or more reached 5.9 million last month, the most on records dating from 1948. That's 18 percent more than just three months ago, when the total was just below 5 million.