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Business Briefs

For Monday, July 28, 2014

By New York Times

POSTED: 01:30 a.m. HST, Jul 28, 2014

~~<p><strong>Long-term jobless rate now 1.98%</strong></p>
<p>The long-term unemployment rate, which soared in 2009 to heights not seen since the Great Depression, is finally declining rapidly. The proportion of the workforce that has been unemployed for at least 27 weeks has fallen to 1.98 percent, less than half the record high of 4.4 percent reached in 2010.</p>
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Long-term jobless rate now 1.98%

The long-term unemployment rate, which soared in 2009 to heights not seen since the Great Depression, is finally declining rapidly. The proportion of the workforce that has been unemployed for at least 27 weeks has fallen to 1.98 percent, less than half the record high of 4.4 percent reached in 2010. Login for more...



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