Friday’s report from the Labor Department also showed that the unemployment rate dipped to 3.8% from 3.9% in February. That rate has now come in below 4% for 26 straight months, the longest such streak since the 1960s.
Friday’s report from the Labor Department also showed that the unemployment rate dipped to 3.8% from 3.9% in February. That rate has now come in below 4% for 26 straight months, the longest such streak since the 1960s.
Plus a person is only counted as “unemployed” for so many months after they lost their last job. Supposedly it counts “actively seeking,” but I don’t know how that is determined.
So after, I think, about 18 or 24 months, someone who hasn’t gotten rehired will drop off the “unemployed” statistic.