**Long-Term Unemployment Is Rising**

Nearly **2 million Americans** have been out of work for over 6 months, the **3rd-worst stretch since the Great Recession**. Long-term unemployment now represents **27% of all jobless Americans**, up from 17.8% in February 2023.

The **4.2% unemployment rate** looks manageable, but people who lose their jobs are taking much longer to find new ones. Only the Great Recession and the COVID shutdown were worse, despite there being **no recession or shutdown now**.

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