A Tripling of Those Unemployed for Half a Year or More

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Let’s not bury the lead in today’s Non-Farm Payrolls abortion.  Regardless of revisions and that 9.7% headline number masquerading as a stimulus-driven improvement, one statistic jumped out at me today that you won’t be hearing much about: Unemployed for 27 Weeks Plus.

I illustrated this stat below:

The cheerleaders on TV and from the Administration will not be mentioning this, but the number of Americans out of work for over half a year has tripled since January of 2009.  Last January’s 2,689,000 vs this morning’s January 2010 reading of 6,313,000.

Source:

Employment Situation Summary, Table A (BLS.Gov)

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