US in Longest Stretch of High Unemployment Since Depression

Friday, February 17, 2012 02:09 PM  By: Greg Brown

The United States is experiencing the longest stretch of high unemployment since the Great Depression, according to a new study by the Congressional Budget Office.  U.S. unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression, writes CBO Director Douglas Elmendorf on the CBO Director’s Blog site.

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