Politics

Long-term unemployment rises.

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The WSJ reports, “In another sign of the harsh toll being exacted by the economic downturn, the number of Americans unemployed for six months or more has risen sharply over the past year and is likely to increase even more.” According to new Labor Department data, the number of people unemployed for at least 26 weeks has risen to 1.6 million — up 37% in the past year.