The jobs report released Friday showed a slowdown in hiring, a slight uptick in the national unemployment rate, and a few other clues that the economy is softening — including an increase in long-term unemployment. People unemployed 27 weeks or longer, according to the Bureau of Labor Statistics BLS.govHuffPost readers: Dealing with long-term unemployment? Persistently high long-term joblessness was a hallmark of slow recovery from the Great Recession that officially ended in 2009. The labor force shrank slightly in July, helping hold down the unemployment rate even as the number of employed workers declined. Wilson noted the unemployment rate for Black Americans rose to 7.2%, up from a recent historical low of 4.8% in April 2023.

Source: Huffington Post August 05, 2025 22:17 UTC