Median Duration of Unemployment (Chart)

How bad is the current unemployment situation? Duration in weeks.

clipped from allamericaninvestor.blogspot.com Original content Bob DeMarco, All American Investor Original content Bob DeMarco, All American Investor

Jobless 27 Weeks or Longer Jumps to 5.4 Million

15.1 million Americans are now out of work. Or if you look at real unemployment-- 17 million.

One of the scariest statistics is the number of people unemployed 27 weeks or longer -- now 5.4 million. This number soared by 450,000 in the last month.

At 27 weeks, people start losing their unemployment benefits. Then what?

This number is likely to rise by another million plus by the end of the year?

This does not bode well for the economy or the the Christmas retail sales season.

Sources of Information

Real Unemployment Jumps to 17.0 Percent (Explanation)

Bureau of Labor Statistics -- Employment Situation news release

Table 12 in the Bureau of Labor Statistics

Commissioner's Statement on the Employment Situation


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Unemployed for 27 Weeks Plus Now 4.3 Million and Growing Fast (Graph)

This chart covers the last five years. Currently 4.3 million versus 1.6 in June,2008. Up 40 percent since January, 2009 (1.7 million). 4.3 million is a new all time high and is up 433,000 in the last month.



1948 to the Present. Currently 4.3 million versus the previous high of 2.8 million, June, 1983.

This does not bode well for those expecting a quick turnaround in the economy. If the trend continues it could cause double dip recession.

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