Jul. 3 at 3:09 AM
$BCRX
Long-term unemployment — the measure of those who have been out of work at least 27 weeks as a share of the total number of jobless people — dipped a tad in June but is holding above 27%. Outside of the COVID-19 pandemic and recovery, long-term unemployment hasn't been that high since 2016. Last month, 1.9 million people had been out of work for almost seven months or longer — 286,000 more than a year ago.
Meanwhile, the labor force participation rate, or the share of the population who are working or have actively sought employment, slid to 61.5%, the lowest since March 2021.
https://finance.yahoo.com/economy/article/unemployment-dipped-but-more-people-left-the-workforce-whats-going-on-in-the-job-market-185543008.html
