Not since the early 1980s has the nation’s unemployment rate been so grim for so long, a government report due Friday is likely to show.
Many economists predict the report will say that November’s jobless rate held steady at 9.6%, making it the 19th consecutive month that the unemployment rate was above 9%. That breaks the post-World War II record set in the 1980s recession.
The dubious milestone shows that even if job growth picks up as expected in coming months, progress will be slow, and it will take years to put a big dent in the unemployment rate.
Full Story: High jobless rate streak could break ’80s record – USATODAY.com