From ABC:
…The median period of unemployment is now at a historic high; 39.7 weeks according to the May Report. That’s the highest it has ever been in the history of the survey.
A new research report from the Bureau of Labor Statistics dug into this trend to offer new details on how long it takes to make the transition from unemployed to employed and found that 11 percent of job seekers took a year or longer to land a new job. Another off-the-chart reading…
As I’ve said all along, there never really has been a recovery…just some spikes in numbers officially kept and subject to “improvement” by means of printing or borrowing money. In the real economy it has been nothing but a dead loss since 2008.
Unemployment will not come down until we have policies which encourage wealth creation – which means that as long as Obama and his Democrats are in charge, we won’t get anywhere.
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