DATA VIEW (NOT A FORECAST): LONG TERM UNEMPLOYMENT CLOSE TO NORM
Long term (27-WEEK AND OVER) unemployment is also well within the declining trend and it has almost reached pre- 2008/9 crisis level, confirming the positive data in unemployment and total payroll charts.
Current levels are also highs of previous recession, thus everything below current levels can be considered normal, if the data holds descending trend.
Current levels are also highs of previous recession, thus everything below current levels can be considered normal, if the data holds descending trend.
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