The Hidden Cost of Long-Term Unemployment Under 4.3 Percent

Unemployment is 4.3 percent and job openings surged to 7.6 million. So why is long-term unemployment—people out of work for 27 weeks or more—spiking to levels not seen since the 2010-2014 recovery? Lucas and Luna dig into the New York Fed's latest Survey of Consumer Expectations, which shows household financial worries at their highest since July 2022. They connect the dots between the JOLTS data, the rise in long-term jobless claims, and what it means for workers losing skills and bargaining power. A sharp, data-driven look at the mismatch the headline numbers are hiding. #LongTermUnemployment #JoblessClaims #JOLTS #NewYorkFed #ConsumerExpectations #LaborMarket #UnemploymentRate #EconomicData #MacroEconomics #FexingoBusiness #BusinessPodcast #EconomicsPodcast #MacroTuesdays #JobMarket #SkillsMismatch #HouseholdFinances #FedPolicy #LaborForce Keep every episode free: buymeacoffee.com/fexingo