In his latest speech, Ben Bernanke draw particular attention to the long-term unemployed as a matter of particular concern.
Particularly concerning is the very high level of long-term unemployment--nearly half of the unemployed have been jobless for more than six months. People without work for long periods can find it increasingly difficult to obtain a job comparable to their previous one, as their skills tend to deteriorate over time and as employers are often reluctant to hire the long-term unemployed.
We're not surprised, as we highlighted this very chart last week when the last jobs data came out.
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