The graph at this link from the Mercatus Center at George Mason University says a lot about how dismal this “recovery” is. Take a look at the red line. It shows the percentage of the unemployed who have been out of work for more than 27 weeks. As the summary below the graph notes:
Last
month, over 44.1% of unemployed workers (over 6.5 million workers) had
been unemployed for 27 weeks or more. This is the highest relative
level of long-term unemployment in the United States since the
beginning of BLS records in 1948; at the start of 2008 only 18.3% of
unemployed workers fell into this category.
This is not in spite of the Administration’s policies but because of them.
