LayoffHedge(@LayoffAI):LAYOFFS ARE MUTED. GETTING BACK IN IS THE HARD PART. Richmond Fed President Barkin says layoffs remain muted. We agree, and that is only half the picture. In October, 1.96 million Americans had been out of work for 27 weeks or longer. That is 27.6% of all unemployed people, the highest share since December 2021. The average time spent unemployed reached 27.1 weeks. That is also the highest since December 2021. Two years ago, in October 2024, the long-term count was 1.60 million. Fewer people are getting fired. The ones who do lose a job are staying out far longer.

2026.11.09 19:57

LAYOFFS ARE MUTED. GETTING BACK IN IS THE HARD PART. Richmond Fed President Barkin says layoffs remain muted. We agree, and that is only half the picture. In October, 1.96 million Americans had been out of work for 27 weeks or longer. That is 27.6% of all unemployed people, the highest share since December 2021. The average time spent unemployed reached 27.1 weeks. That is also the highest since December 2021. Two years ago, in October 2024, the long-term count was 1.60 million. Fewer people are getting fired. The ones who do lose a job are staying out far longer.