On this Labor Day, 5 million Americans have been out of work for more than six months, a record number that forecasts a slow, difficult recovery and a long period of high unemployment, according to Northeastern University’s Center for Labor Market Studies.
Nationally, the average bout of unemployment has reached 25 weeks, the longest since the end of World War II, and is likely to increase as the jobless rate goes higher. Most economists expect the national unemployment rate, now 9.7 percent, to top 10 percent before peaking next year. ...
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