It’s Taking Longer to Find a New Job in the US
- Share of jobless searching for at least 15 weeks is above 40%
- ‘It’s a real bugger right now,’ Philadelphia job-hunter says
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The unemployed are having a harder time finding jobs in the US, a trend that’s casting a shadow over other statistics showing a resilient labor market with few outward signs of trouble.
More than 40% of the roughly 7 million people looking for work have now been searching unsuccessfully for at least 15 weeks — a number rarely seen in the post-World War Two era until the global financial crisis of 2008.