Average Length of Unemployment Reaches High

by Guest Mon Mar 07, 2011 1:39 pm

You might be scratching your head right now. Why is the typical spell of unemployment getting longer, even though companies are finally adding jobs?

A few factors are probably responsible.

The first thing to consider is that there is some inertia to unemployment, for a whole host of complicated reasons like prejudice against idle workers. People who have been out of work for a year are much less likely to find a job in the coming month than people who have been out of work for just a month.