Labor Market Collapse: Long-Term Unemployment Hits 3rd-Highest Since the Great Recession and COVID - 24/7 Wall St.

The labor market can look healthy in a headline while deteriorating underneath. The August jobs report showed payrolls increased by 162,000, while the unemployment rate held at 4.1%, numbers that hardly suggest an economy in trouble. But the Bureau of… The labor market can look healthy in a headline while deteriorating underneath. The August jobs report showed payrolls increased by 162,000, while the unemployment rate held at 4.1%, numbers that hardly suggest an economy in trouble. But the Bureau of Labor Statistics also reported that 1.93 million Americans had been unemployed for at least 27 weeks.