Long-term unemployment is quietly surging—1.67 million Americans now jobless over 27 weeks; 25% of Americans are using buy-now, pay-later services for groceries
Long-term unemployment is rising: The number of long-term unemployed Americans jumped to 1.67 million in April, the highest since February 2022. The number of Americans unemployed for 27 weeks and over has risen by ~600,000 over the last 2 years. As a result, the share of… pic.twitter.com/HLdMQcEbaj — The Kobeissi Letter (@KobeissiLetter) May 7, 2025 …