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Long-Term Unemployment August 2012 http://go.usa.gov/7QY(Percent) Charts from CBO's August 2012 Budget and Economic Outlook

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Long-Term Unemployment August 2012 http://go.usa.gov/7QY(Percent) 50 Recession Recession First 43.8 Half 43.3 42.2 40 31.5 30 22.1 21.8 20 19.6 19.7 18.4 17.6 17.6 11.4 11.8 10 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012The share of unemployment accounted for by the long-term unemployed—people who have been seeking work for more than26 consecutive weeks—has topped 40 percent for the past two and a half years. By comparison, that share was about22 percent in 2003, in the aftermath of the 2001 recession. C ONGRESSIONAL B UDGET O FFICE

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