3.2 Million Americans are Still Long-Term Unemployed

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Over a third of jobless Americans in August were long-term unemployed. About 3.2 million people or 37.4% of the total unemployed have been out of business for at least six months, the official barometer for long-term unemployment, the U.S. Bureau of Labor Statistics reported Friday.

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World War II and the Great Recession are the only periods during which over 30% of jobless Americans were long-term unemployed. In April 2010, the rate escalated to a scary 45.5%. Not to mention that staying out of work for long periods means greater financial hardships. According to labor economists, finding a new job is more difficult than ever and it even increases the odds of losing a future job.

About 3.8 million long-term unemployed were receiving that federal assistance as of mid-August, the U.S. Department of Labor reported Thursday. Most Republican state governors withdrew the federal aid in June or July before their official nationwide expiration.

Meanwhile, other federal aid will soon end too. On Aug. 26, the Supreme Court has struck down a national eviction ban that Biden’s administration installed. This might affect millions of people who are late on their rent.