The St. Louis Fed publishes UEMPMED, the Median Duration of Unemployment.
If you lose your job now, chances are you will be unemployed for about 18 weeks. This is a record and far above any recession on record back to 1968 when it was first tracked.
Many people are going beyond 27 weeks and running out of state benefits. Due to the stimulus, the Federal government then kicks in for another 6 months in most cases. Still, that kind of extended unemployment not only wrecks your financial situation, it wrecks your self confidence and promotes underemployment. On the other hand, underemployment is better than no employment.
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