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By USDR
Although Federal Reserve Chair Janet Yellen testified that long-term unemployment is down, data from the Bureau of Labor Statistics (BLS) show that since President Barack Obama took office – and not counting the people who have dropped out of the work force – overall unemployment in the United States has fallen 21.4% but long-term unemployment has increased 14.2%.
When Obama entered office in January 2009, there were 2,699,000 long-term unemployed Americans. Today, five-and-a-half years later, there are 3,081,000 long-term unemployed Americans.
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