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Even as the unemployment rate falls, America's long-term unemployment problem isn't going anywhere.
The Pew Center defines long-term unemployment as "a jobless period of a year or longer."
By the end of 2011, 4 million workers had been without work for at least a year, making up 31 percent of the unemployed labor force.
To better understand long-term unemployment, we've compiled some charts from the Pew Fiscal Analysis Initiative, The Hamilton Project, Bureau of Labor Statistics and the Center for Economic and Policy Research.
Your chances of finding a job decreases about 7% each month during the first year of unemployment
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Between 2009 and 2011, long-term unemployment doubled from 16% to 31.8%
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Since the recession, long-term unemployment has risen for workers between the ages of 16 to 64
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See Also:
- The 30 Fastest Growing Jobs In America
- This Chart Shows Why Unemployment Is Terrifying For Older People
- 30 Jobs That Are Vanishing In America
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