As employers hold back on hiring amid recession fears and rising interest rates, unemployed Americans are spending more time looking for jobs.
In December, roughly 826,000 Americans reported being unemployed for 15 to 27 weeks, or about 3½ to 6 months, according to Labor Department data. That’s up from 526,000 people who were unemployed for the same amount of time in April 2022.
Layoffs and extended periods of unemployment are a…….