Watch This: Long term unemployment, 1967-2011
This animated graph, produced by the TellTaleChart, illustrates the unprecedented spike in long-term unemployment during and after the Great Recession. The current median duration of unemployment (or weeks out of work) represents a dramatic departure from decades of unemployment trends. As the producer glumly observes, “The median duration of unemployment was already at 20 weeks when the recession began. It climbed to over 25 weeks in the summer of 2010 and has settled in, now almost three years into the recovery, at well above 20 weeks. This of course is no recovery at all.” The duration of unemployment in Oklahoma nearly doubled between 2006 and 2010, with the latest data putting the median weeks out of work in the state at 12.3 weeks.
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