2024 Employment Update

How long are unemployed workers staying jobless? The Bureau of Labor Statistics’ monthly report.

For the month February, a total of 6,970,000 people were unemployed. This comprises jobs lost and people who completed temporary jobs; those on temporary layoffs; those with permanent job loss; those who completed temporary jobs; those who left their employers and reentrants and new entrants to the job market.

Of the total, 31.5 percent were unemployed for less than five weeks, 34 percent for five to 14 weeks, 16 percent for 15 to 26 weeks and 18.5 percent for 27 weeks and over.

A total of 973,000 people permanently lost their jobs, of which 28 percent was for less than five weeks, 28.2 percent for five to 14 weeks, 21.9 percent for 15 to 26 weeks, and the same percentage stayed unemployed for more than 27 weeks. There were 278,000 new entrants to the job market, of which 38.5 percent were unemployed for less than five weeks.

—Posted on March 26, 2024

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