Number of long-term unemployed hits highest rate since 1948

 Forty percent of all unemployed Americans, at least 6 million, have been out of work more than six months. Many are so discouraged they have lost hope that a job exists for them

now takes 20.5 weeks to find a new job – double the amount of time in the 1982-83 recession

This is really more about structural unemployment.”Entire industries have been hobbled, such as construction, some elements of financial services, and the auto industry.

the nation needs to beef up its retraining and community college efforts,

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