The duration of long-term unemployment, which is over six months, is unlike anything we’ve seen since the Depression, and even though we are extending the safety net, it is not enough for some folks. The situation is awful, way beyond the 12.5 percent figure of unemployment.”
–Stephen Levy with the Center for the Continuing Study of the California Economy in Palo Alto.
From the San Francisco Chronicle article, “More middle-class jobless need government aid.”
