There’s a new sign of a weakening labor market: unemployed white-collar workers having a hard time finding a new job, as The Wall Street Journal noted.
The data is clear in the jobs report for November 2024, with 1.66 million out of work for at least 27 weeks — more than half a year — or 23.2% of the unemployed. The average duration of unemployment was 23.7 weeks; a year ago it was 19.9 weeks. Over the last year, the average period of unemployment increased by 3.8 weeks, almost a month. It’s 46% of a year, nearly the cutoff for that highest tier of unemployment.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
