Fast Company
US · 57 mins ago
Nearly two million Americans are dealing with long-term unemployment
In June, employers added 57,000 jobs and the unemployment rate dropped to 4.2% in June from 4.3% in May, according to the Bureau of Labor Statistics report released earlier this month. But the BLS report indicated another trend impacting millions of Americans: long-term unemployment.
The current dip in unemployment was mostly due to a decrease in the labor force participation rate — those 16 and older who are working or looking for work — which dropped 0.3 percentage point to 61.5%, the lowest…
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