For the Unemployed, the Recession Continues

Duration of Unemployment: an Indicator of Employment Problems.
When the median duration of unemployment is 10 weeks, half of those unemployed have been unemployed for less and half for more. It is no better an indicator than the average value, but it is slightly quicker because it is not affected by the very long-term unemeployed.

Its highest value under Clinton, after the Bush I recession was 10 weeks unemployed. This value was exceed for 7 months in the Reagan recession and for 13 months in the Bush recession. Its value in April 2005 was 8.9. The labor market is still far from recovery.

http://zfacts.com/p/524.html | 01/18/12 07:25 GMT
Modified: Mon, 17 Apr 2006 17:51:21 GMT