Heavy Lifting - thoughts and web finds by an economist
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Wednesday, October 14, 2009

Picture of the day

How about this graph of people unemployed for 27 week so or more? Ouch.



The historical picture is no better:

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Comments:
you really should divide by the size of the labor force.
 
I too would like to see this as percent of labor force - but also I'd like to see average maximum number of weeks of unemployment benefits as well. It is likely that recent expansion of unemployment benefit length has either encouraged people not to seek work, or not to leave the labor force.
 
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