RSM Chief Economist Notes Sharp Rise in Median Unemployment Duration
According to RSM chief economist Joe Brusuelas, the latest U.S. jobs report shows a notable increase in the median length of unemployment periods.
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Terms & Concepts
median duration of unemployment: The midpoint length of time that individuals remain jobless before finding employment, used to measure labor market conditions.
jobs report: A monthly release by the U.S. government detailing employment statistics, including job creation and unemployment rates.