FT: Long-Term Unemployment in the U.S. at a 4-Year High

According to the Financial Times, long-term unemployment is at its highest since 2021 pandemic rates. The most recent data shows that finding a new job in the U.S. takes an average of more than 11 weeks. The labor market weakened in 2025, with hiring falling sharply. Economists worry that the cooling job market could hinder consumer spending in the U.S. and prompt the Fed to forgo a rate cut later this month. 

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