information about the characteristics of people who have been unemployed for a long time. Specifically, she asked the agency to describe any changes in those characteristics that occurred between March 2007 and March 2014. In answering that question, this document supplements and updates information provided in CBO’s Understanding and Responding to Persistently High Unemployment (February 2012), www.cbo.gov/publication/42989
The recent recession and slow recovery led to a high rate of long-term unemployment, which is defined as being out of work for more than 26 consecutive weeks. That rate peaked at 4.3 percent in the second quarter of calendar year 2010 and has fallen considerably since then (see Figure 1). It was 2.4 percent in March 2014 and has since fallen further to 1.9 percent in the third quarter of 2014, still about a percentage point above its average from 2001 to 2007..."
Long term unemployed
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