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Over 1.9 million Americans—more than a quarter of those unemployed—have been classified as 'long-term' unemployed in a given month in 2026, meaning they've been out of work for at least 27 weeks.

Findings

Additional insights we found via CNBC

  1. US long-term unemployment has increased by about 55% since 2023 and by about 45% from 2019.

  2. It's a symptom of the labor market's current “low-hire, low-fire” environment, meaning that companies are reluctant to increase headcounts.

  3. That reluctance may stem from factors such as relatively high interest rates and the growth of AI.

  4. After 10 years, long-term unemployed workers earned about 32% less on average than non-displaced workers, compared with only 9% less for short-term unemployed workers.

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