Nov. 17 (Bloomberg) — Long-term unemployed Americans are demographically similar to those who are jobless for a shorter time and should therefore be included when measuring labor-market slack, according to Federal Reserve Bank of New York research.
Gender, race, education and industry differ only slightly among the two groups of unemployed, New York Fed researchers including Aysegul Sahin, assistant vice president of the bank's research and statistics group, wrote in the first of a three-part blog series on long-term unemployment.
Those out of work for 27 weeks or more — the long-term unemployed — are more frequently 25 to 54 years old than the shorter-term jobless, indicating they are less likely to drift from the workforce.
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