Home › News

A disturbing employment trend is hiding beneath the latest strong job numbers

Image: CNBC

Americans who lose their jobs these days are facing a harsh new problem: It's getting harder to find another one quickly.

The average jobless worker's bout of unemployment surpassed 27 weeks in October on a seasonally adjusted basis, according to Friday's jobs report from the Bureau of Labor Statistics. That amounts to a job search of nearly seven months, the longest outside of the pandemic period since 2016, when the U.S. labor market was finally getting back on track after the 2008 financial crisis.

About 2 million Americans have been without work for at least 27 weeks, the BLS reported.

Continue reading at CNBC

This page shows only an excerpt. The full story is published by CNBC.

More news View More

Trump targets Slotkin in call for DOJ probe of alleged Democratic threats to Republicans

CNBC · 45m ago

Trump offers UFC chief Dana White press secretary job

CNBC · 1h ago

Meta chief strategy officer Dave Wehner leaves to join AI infrastructure startup Fireworks as CFO

CNBC · 3h ago

Why the prognosis for healthcare stocks is uncertain ahead of Congress’ new makeup

CNBC · 5h ago

UU Pelindungan Ketenagakerjaan: Cuti Bersama Tak Potong Jatah Cuti Tahunan

Liputan6 · 6h ago

Pertamina MRS Perkuat Motorsport Nasional dan Gerakkan Ekonomi Lokal

CNN Indonesia · 6h ago

Tenant Stasiun Gambir Kebakaran, Perjalanan Kereta Tak Terganggu

Liputan6 · 6h ago

Kebakaran Tenant Stasiun Gambir, Api Berhasil Dipadamkan

Liputan6 · 6h ago