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US unemployment the highest in years

February 21, 2010 -- US jobless rate remains at 10 percent currently. The economy shed 85,000 jobs in December. Although jobs were lost, the unemployment rate held steady from the month before, meaning a large number of people had simply given up looking for a new job.

The graph shown below represents US unemployment chart since January 1969. The blue line represents the number of people out of work for more than 26 weeks, and the red line represents the percentage of the workforce those long-term unemployed people represent. Those 6.13 million people unemployed for more than 26 weeks constitute 4 percent of the civilian workforce—a record since the the Bureau of Labor Statistics started collecting this data in 1948. Many people face the prospect of being unemployed for years to come.

US Unemployment


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