The so-called “benchmark revision” shifted policymakers’ understanding of the economy, but it was no surprise to Paulina Drake. While the unemployment rate has risen only modestly, the rising share of long-term unemployed among the broader unemployed population, along with higher unemployment for new workers and minorities, are hallmarks of a weakening labor market and a warning of increasing recession risk. “Long-term unemployment scarring effects show up in future job performance, in well-being measures later on. We have a whole host of information about the health impacts of long-term unemployment, including increased likelihood of chronic pain.”HuffPost readers: Trouble finding work? Right now, I am equivalent to a 15-year-old high school student trying to get a job.”Politics: Long-Term Unemployment Rises In Worrying Sign For U.S. Labor MarketDrake’s career doing mortgages may have been a casualty of monetary policy.

Source: Huffington Post September 22, 2025 20:34 UTC