First, from the St. Louis Fed site, the Median Duration of Unemployment.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpcVkC9BaXwK7FZ20JryRhExbBUQ_ev2pyRd51RvQ8np8KYvOx3rRK4bOnhCVVPJv6HusxQ8-wDb8SJmI0AhyphenhyphenlXJaj9U2eikWZlUCZBFUSenRA13qUlyi0TnUgx8dLBkk3wl1G2Aeh388/s280/UEMPMED_1-8-10.png)
Second, from the CalculatedRisk blog of 1/8/10, Unemployed Over 26 Weeks:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3cZRzC9kfeOrefqt1c8mdbMNPtG_WVzW-piCirf6DQhwxWc2DTQWUxA-8klkvLa4KMZs2NYj57EEuJgwtJ49UReiBrRC6dNHr7-9StIi3tUBh8-W5iW7WpGJK-Rk87KdL1aTYmax7P7Y/s280/CR+UnemployedOver26Weeks+1-8-10.jpg)
Third, again from the CalculatedRisk blog of 1/8/10 - I like this chart as it presents a relative depiction of Post WWII recession job losses. As one can see, our current period of economic weakness’s job losses are outsized both in duration and severity:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpsuCWg2WZjI7ZMr7YnPQdHHoYj40owfj4ikH1WQGO0HviSeByMteRg83EeNoRNy0VIdGmB9RHzXAiYlRTCfauu11SDwmrzYmue4qbGboBQ8aLLMb-3ishpBuafbWp57whkleL-KsUGXs/s280/CR+EmploymentJobLossesRecessions+1-8-10.jpg)
As depicted by these charts, our unemployment problem is severe. Unfortunately, there does not appear to be any "easy" solutions.
A few months ago I wrote a series of blog posts titled "Why Aren't Companies Hiring?"
SPX at 1141.18 as this post is written
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