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CBO Report on Long Term Unemployment

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Long-Term Unemployment, October 2007 (34 pages, PDF), Prepared at the Request of the House Budget and Ways and Means Committee.

  • “Even in a strong labor market, many people become unemployed for short periods as they enter the labor force or change jobs. But some people take many months to find a job. Over the past several decades, the percentage of unemployment spells lasting more than six
    months has increased. Such long-term unemployment may result in serious problems for the unemployed individuals themselves as well as for the overall economy.”
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