Long-Term US Unemployment Rate Creeps Up to 27% Despite Blockbuster August Hiring

Sep 13, 2026 - 08:30
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Long-Term US Unemployment Rate Creeps Up to 27% Despite Blockbuster August Hiring

Despite the recent blockbuster August jobs report, the anemic pace of hiring in prior months has been exacerbating challenges for long-term unemployed Americans, new research from the Richmond Federal Reserve finds. The long-term unemployment rate – those who are out of work for 27 weeks or longer as a share of the total unemployed – […]

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