US long-term unemployment is surging:
The number of Americans unemployed for 15+ weeks is up to 3.1 million, the highest since October 2021.
Over the last 3 years, this figure has soared +1.2 million.
During the same period, the number of unemployed Americans for 27+ weeks has risen +900,000, to 1.9 million, the highest since December 2021.
As a % of total unemployment, this metric rose to 26%, higher than all previous recessions, except the 2008 and 2020.
As a result, it now takes an average of 11 weeks to find a new job, the longest since 2021
The US labor market is weakening under the surface.
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The number of Americans unemployed for 15+ weeks is up to 3.1 million, the highest since October 2021.
Over the last 3 years, this figure has soared +1.2 million.
During the same period, the number of unemployed Americans for 27+ weeks has risen +900,000, to 1.9 million, the highest since December 2021.
As a % of total unemployment, this metric rose to 26%, higher than all previous recessions, except the 2008 and 2020.
As a result, it now takes an average of 11 weeks to find a new job, the longest since 2021
The US labor market is weakening under the surface.
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BREAKING: Trump will be holding the "Freedom 250 Grand Prix" motor race in Washington DC on August 21st-23rd. It's going to be an IndyCar race through the streets of Pennsylvania avenue to celebrate the 250th anniversary of America
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TRUMP: "Who are you with?"
REPORTER: "I'm with ABC."
TRUMP: "You're a loud person. Very loud. Let someone else have a chance. ABC is fake news. I didn't call on you. ABC is truly one of the worst."
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REPORTER: "I'm with ABC."
TRUMP: "You're a loud person. Very loud. Let someone else have a chance. ABC is fake news. I didn't call on you. ABC is truly one of the worst."
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FOLLOWUP (0.86, took 0.1s):
JUST IN: Gold crashes below $4,700, falling over 13% in a single day
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JUST IN: Gold crashes below $4,700, falling over 13% in a single day
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BREAKING: SILVER DROPS BELOW $80/OZ - DOWN OVER 30% TODAY
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