A recovery-less recovery? Analyzing the unemployment numbers

Today's reports showed that conditions for the long term unemployed worsened notably in May and remained distressed by historic standards. Workers unemployed 27 weeks or more increased to 5.411 million.

By SoldAtTheTop,?Guest blogger / June 1, 2012

This chart shows the total number of civilians unemployed for 27 weeks and over, for the past ten years. It also has marked periods of recession during the decade. Conditions for the long term unemployed worsened notably in May.

SoldAtTheTop

Enlarge

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Skip to next paragraph SoldAtTheTop

Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

Recent posts

' + google_ads[0].line2 + '
' + google_ads[0].line3 + '

'; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "off"; google_image_size = '230x105'; google_skip = '0'; // -->

Today's employment situation report showed that conditions for the long term unemployed worsened notably in May and remained epically distressed by historic standards.

Workers unemployed 27 weeks or more increased to 5.411 million or 42.8% of all unemployed workers while the median number of weeks unemployed increased to 20.1 weeks and the average stay on unemployment climbed to 39.7 weeks, the highest level ever recorded.

Looking at the charts below you can see that today?s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

blackout blackout congress censored jerry yang stop sopa justified