Why More Americans Are Unemployed For Longer

About this video

Over 1.8 million Americans have been classified as “long-term” unemployed in a given month in 2026, meaning they have been out of work for at least 27 weeks. That accounts for about a quarter of all unemployed Americans. Long-term unemployment has seen a sharp rise in the U.S., up about 55% from 2023 and 45% from 2019. The rising amount of long-term unemployed people is a sign of what’s been dubbed the “low-hire, low-fire” environment. With companies reluctant to increase headcounts amid higher interest rates and the rise of artificial intelligence, it becomes more difficult and can take longer for people to find a job. Producer:  Juhohn Lee Reporter: Alex Harring Editor: Meline Rosales Animator: Christina Locopo Senior Managing Producer: Shawn Baldwin Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Why More Americans Are Unemployed For Longer