September 4, 2020

With  20,000 workers added to the unemployment rolls in April, the average duration of unemployment plunged by 11.0 weeks in April from 17.1 to 6.1 weeks.   This series has rebounded and now stands at 20.2 weeks in August as many of the people that became unemployed earlier in the year remain unemployed.  It will climb further in the months ahead.

Stephen Slifer

NumberNomics

Charleston, SC