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Long-term unemployment tumbles to its pre-pandemic level, helping to 'mitigate the risks of labor-market scarring'

CNBC Finance LogoCNBC Finance1w ago

Long-term unemployment tumbles to its pre-pandemic level, helping to 'mitigate the risks of labor-market scarring'

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Being jobless for six months or more can expose households to more financial risk.

The long-term unemployment rate has now returned to pre-pandemic levels.

Long-term joblessness is a period lasting at least six months.


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Article Details

Author / Journalist: https://www.facebook.com/CNBC

Category: MarketsFinanceInvesting

Topics: Equifax Inc Cnbc Finance Investing US Economy Personal Finance Unemployment Personnel Articles Source:tagname:CNBC US Source Economy U.S. Economy Personal finance Jobs Employment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-05, 17:23:50

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 451 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 115409

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About CNBC Finance

CNBC Finance Logo

Main Topics: MarketsFinanceInvesting

Official Website: cnbc.com

Update Frequency: 4 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 14h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #6

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