Long-term unemployment is still a huge problem in the economy

by an Unemployed White Male on June 11, 2012

in Business & Economy,Politics & Government,Recession

NEW YORK (CNNMoney) — The national unemployment rate has fallen from its recession highs, but Americans who have been out of work for six months or more are still having trouble finding work.

The numbers are staggering. The ranks of the long-term unemployed swelled last month from 5.1 million to 5.4 million, and those individuals now account for 42.8% of the unemployed.

Read the story at CNNMoney.com

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