Job seekers face longer waits to find work in current economy
Nearly 40 per cent of unemployed workers exhaust their benefits before securing new employment.
At a glance
- Job search periods are lengthening for displaced workers
- Almost 40 per cent of unemployed people exhaust benefits before finding work
- The pattern reflects current economic conditions
People who lose their jobs are experiencing extended periods without work in the current economic environment. Nearly four in ten jobless individuals deplete their unemployment benefits before finding new positions.
The trend reflects challenging conditions for workers seeking employment across the economy.
Why it matters
Extended joblessness can strain household finances and deplete safety-net programmes designed to support workers between jobs.
Original reporting
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