We wrote last week about the “60 Minutes” segment on the long-term unemployed and what The WorkPlace Inc. in Connecticut is doing about it. Here’s a chart from Wall Street Journal Graphics on the increase since 2008 in those out of work for 27 or more weeks as a share of all the unemployed:
Nearly 43% of all jobless Americans have been looking for work for at least 27 weeks. The dramatic spike started in the second half of ’08; in April 2010, the number (not share) of long-term unemployed workers peaked at 6.73 million (see Table A-12 from the BLS). The seasonally adjusted number was 5.52 million in January of this year.