Found a new toy to add to my Great Recession Economic Charts. Number Of Civilians Unemployed For 27 Weeks And Over. 🙂
Previously, I had been a fan of the percentage version of this chart which tracked the percent of unemployed who were out of work for 27 weeks and longer, but this version actually attaches a people count, or “body count” if you want to be brusque and crude. 😛 This should come in handy in comparing percents to numbers of people with this stuff. With this number dropping a lot and the percentage plateauing out it just points all the more to businesses being responsible for any remaining job search woes out there when despite long-term unemployed dropping like crazy the percentage of long-term unemployed, a.k.a. chance that one job loss will mean a long period of no real paycheck, is still ridiculously too high.
If my Statistics professor from back in college ever saw this he’d definitely nod a bit for this. 🙂