Obama Faces 27-Week Jobless Rise as This Century’s Different
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President Barack Obama, under pressure from Republican lawmakers and constituents to reduce the highest jobless levels in more than a quarter century, faces a more persistent, underlying challenge: long-term unemployment.
He will lay out his plans in a speech tomorrow to help bring down a jobless rate stuck around 9 percent or higher since April 2009. One hurdle is finding employment for people who’ve been out of work more than half a year as their ranks swell to the largest since the Great Depression.