Sunday, August 03, 2025

Unemployed Americans Endure Longer Job Searches

"Job seekers are out in the cold this summer. Especially the ones who have been hunting for a while," the Wall Street Journal reports. "Beyond the headline-grabbing top-line numbers in the jobs report for July was another striking piece of data: The number of people unemployed for at least 27 weeks topped 1.8 million, the highest level since 2017, not counting the pandemic's unemployment surge. The median length of unemployment in the U.S. has also ticked up, from a seasonally adjusted 9.5 weeks in July 2024 to 10.2 weeks last month."

Comments

Beyond the headline-grabbing top-line numbers in the jobs report for July was another striking piece of data: The number of people unemployed for at least 27 weeks topped 1.8 million, the highest level since 2017

This epic level of failure is expected from the bankruptcy-prone orange turd.

#1 | Posted by reinheitsgebot at 2025-08-03 09:30 AM

Companies do not yet appear to be laying off workers in large quantities.

However, companies also do not appear to be hiring new workers because of the economic uncertainty.

#2 | Posted by LampLighter at 2025-08-03 02:16 PM

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