Key takeaways
- The average jobless worker's bout of unemployment surpassed 27 weeks in October, the highest outside of the pandemic period in a decade.
- About 2 million Americans have been without work for at least 27 weeks, the BLS reported.
- The unemployment rate ticked down to 4.1%, slightly lower than economists predicted.
The average duration of unemployment rose to 27.1 weeks in October, the highest outside of the pandemic period in a decade. About 2 million people had been unemployed for at least 27 weeks, accounting for 27.6% of all unemployed workers.
