Long-Term Unemployment on the Rise: Why We Should Be Worried

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From peak to trough, the United States lost almost 9 million jobs in the most recent economic downturn. 

Although recent employment reports have provided some hope for job-seekers, as the unemployment rate continued to edge down and expansions in employer payrolls continued to gather steam, the long-term unemployment situation is still dire. 

The depth and length of the recession pushed the long-term unemployment rate to over 40 percent of the jobless throughout 2010 and 2011. By comparison, the previous peak -- which lasted only one month (June 1983) -- was just 26 percent.

We've compiled some charts from the Pew Charitable Trusts, the Hamilton Project and the Center for Economic and Policy Research to show the depressing reality.

Click to view the charts.

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