Rcanes, For how long?

For how long?

Earlier I commented on the job situation for college graduates. The outlook is just terrible on a general level. Consider the following from the January report:

14.8 million unemployed;
3.8 million really do want to work but are not even considered unemployed because they have not looked in the past four weeks; and
8.3 million hold down a part-time job, but if offer a full time job would most definitely take it.

This means 26.9 million people are either unemployed or underemployed. 6.3 million of these folks have been out of work for 27 weeks or longer. I am questioning whether this trend will continue and for how long. Will spells of unemployment become longer for those with college degrees? The spells of unemployment have increased. Is this a jobless recovery?

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