Long-term unemployment or the share of unemployed people out of work for 27 weeks or more was 27.3%, slightly lower than the 27.5% reported in May. The rate solidifies the notion the U.S. economy has been stuck in a low-hire, low-fire environment, faring better for those who have a job than for those searching for one. (jessica.coacci@wsj.com)
Dow Jones Newswires
Long-term U.S. Unemployment Ticks Lower in June — Market Talk
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Long-term unemployment or the share of unemployed people out of work for 27 weeks or more was 27.3%, slightly lower than the 27.5% reported in May. The rate solidifies the notion the U.S. economy has been stuck in a low-hire, low-fire environment, faring better for those who have a job than for tho…