Jobs, Jobs, Jobs

By | 2017-07-17T12:22:41+00:00 July 27th, 2015|Jobs|

How tight is the labor market? Photo: Douglas Tengdin After hitting 10% in October of 2009, unemployment has fallen to 5.3%. That’s pretty good. But there are still areas where the job market feels week—especially in long-term unemployment. Folks unemployed 6 months or more currently make up a quarter of the unemployed. That ratio has come down from almost 50% in 2010, but it’s still pretty high. That’s one reason why this recovery doesn’t feel very strong. Another reason is the participation rate—the percent [...]