By Anna W:
Tomorrow is (yet again) NFP day. While everyone is worrying about whether the December numbers were merely seasonal, we should also consider some of the longer term trends in Unemployment. These have major repercussions for Retail Sales and the ongoing Housing Weakness.
Fortunately, Pew Trusts gave us a full overview:
How Long Have the Unemployed Been Jobless?
Are Workers Being Laid Off Permanently?
Source: Pew Trusts
This post originally appeared at The Big Picture and is posted with permission.