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Yes, long-term unemployment is falling, but for 'all the wrong reasons'

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Long-term unemployment in the U.S. fell 293,000 in June to 3.1 million, the U.S. Bureau of Labor Statistics reported this month. The decline in this figure, which currently accounts for nearly 32.8 percent of total unemployment, was hailed by analysts as a positive sign that the U.S. economy is rebounding and that more Americans are being put back to work. And although it's true that parts of...

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