Unemployment is falling. Long-term unemployment is ballooning

The number of unemployed workers continues to fall, reflecting a rebound from the deep economic hole gouged out by the coronavirus pandemic in the early spring. But a sinister trend is churning under the surface. Long-term unemployment — a period of joblessness lasting more than 27 weeks (or, six months) — is accelerating quickly.
Read more: https://www.cnbc.com/2020/11/06/unemployment-is-falling-long-term-unemployment-is-ballooning.html?source=Snapzu