Monday, August 26, 2013

Number of Long-Term Unemployed ‘Unprecedented’ Under Obama

From The Freebeacon:

The economy has seen an “unprecedented” number of long-term unemployed under the Obama administration, according to a liberal think tank, and economists say plans pursued by Democrats in Washington are unlikely to curb the problem.

Nearly 5 million workers are classified as long-term unemployed, while 900,000 more have stopped looking for work altogether, according to a new series of reports issued by the Urban Institute.

Three percent of the labor force has been out of work for more than six months, an improvement of only one percentage point since unemployment spiked in October 2009, according to the study.

This is one of the articles that Brian was talking about that we did not get to on our show. Just trying to keep you folk's informed! Enjoy!