1 in 4 unemployed americans has now been jobless for over six months. 1. 25.3% of all unemployed have been jobless 27+ weeks. that share has climbed from 19.4% in 2023. 2. older workers get stuck longest: 34.5% of jobseekers 55+ are long-term unemployed, vs 26% for the 16-54 cohort. 3. the hiring rate fell to 3.2%, among the weakest readings since 2014. companies aren’t backfilling, which is how long-term unemployment rises without a recession. 4. the costs don’t end with re-employment. lifetime earnings stay below trend for years. if you’re in this cohort: maximize referrals and lateral moves. that’s where the offers are still closing.
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