The monthly BLS report provides data on workers unemployed for 27 or more weeks, and here is a graph …
Unemployed Over 26 Weeks–The blue line is the number of workers unemployed for 27 weeks or more. The red line is the same data as a percent of the civilian workforce.
According to the BLS, there are a record 5.6 million workers who have been unemployed for more than 26 weeks (and still want a job). This is a record 3.6% of the civilian workforce. (note: records started in 1948)
The NY Times reports this morning that the actual unemployment rate is 17.5%. I can’t believe the admininstation might be misleading us. I REALLY can’t believe the NY Times reported it.