Surprise! U.S. unemployment reached 4 million people in six months than accounted for straight to the Great Depression

Foreign media reports, according to the U.S. Bureau of Labor Statistics data, as of the end of March, nearly 2.4 million Americans have been unemployed for more than one year, accounting for 24% of the total unemployed population, and those who have been unemployed for six months or longer, more than 4 million people, the proportion of 43%, approaching the level of the Great Depression in the 1930s.

Heidi Shierholz, former chief economist at the U.S. Department of Labor, believes that the above figures are incredible and the long-term unemployment rate has risen.

The report pointed out that although the U.S. unemployment rate fell to 6 percent in March, but long-term unemployment remains severe, with nearly 2.4 million Americans unemployed for 52 weeks or longer in March, almost twice as many as in February, accounting for 24 percent of the total 9.9 million unemployed workers, and also 1.6 million more than in March 2020.