Average US unemployment duration tops 27 weeks in October, longest since 2016 outside the pandemic
Key points
- Average unemployment duration exceeded 27 weeks in October, the longest since 2016 outside the pandemic
- About 2 million people have been jobless for at least 27 weeks, 27.6% of the unemployed, the highest since late 2021
- October payrolls rose 165,000 and unemployment fell to 4.1% from 4.2%
US Bureau of Labor Statistics data show the average duration of unemployment exceeded 27 weeks in October, the longest since 2016 outside the pandemic. About 2 million people have been jobless for at least 27 weeks, 27.6% of the unemployed, the highest since late 2021. October payrolls rose 165,000 and unemployment fell to 4.1% from 4.2%. Most unemployment insurance benefits last up to about 26 weeks.
Original report: 黄金网 ↗Edited with AI assistance. Facts are based on official sources and original reports.