Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|July 14, 2008|
More signs of the depth of the weak U.S. employment market as the number of unemployed for six months or more continues to increase in record numbers.
The Labor Department reported the number of American workers unemployed for at least 26 weeks has risen to 1.6 million, an increase of 37 percent in the past year — with more than 18 percent of the unemployed searching for work for more than half a year,
In slightly good labor news, the number of workers filing new claims for unemployment benefits last week posted its biggest drop in almost three years. Weekly numbers, however, are susceptible to wild swings and seasonal conditions, so it’s too early to really interpret what these latest numbers mean.
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