24% of Jobless Workers Have Been Unemployed for Over a Year

24% of Jobless Workers Have Been Unemployed for Over a Year

In April 2020, the unemployment rate reached a record high 14.7%. Thankfully, that rate has steadily declined over the past year, and as of March of 2021, the jobless rate was 6% -- still far from pre-pandemic levels, but a lot better than 14.7%. In fact, it's estimated that 24% of unemployed workers today have been out of a job for at least a year.