Unemployment is longer and more permanent. Here’s why that’s bad.

KEY POINTS * Nearly 13 million Americans were unemployed in September. That’s about 7 million more workers than pre-pandemic levels. *The early part of the recession was characterized by temporary layoffs, or furloughs. But permanent job loss is rising. *A growing share of workers are also “long-term” unemployed, meaning they’ve been out of work forContinue reading “Unemployment is longer and more permanent. Here’s why that’s bad.”