A growing number of unemployed workers have been searching for a new job for more than 15 weeks, labor data shows.
The unemployment rate might be near a historic low, but it's taking longer for hundreds of thousands of out-of-work Americans to find new jobs, signaling cracks within a once-hot labor market as employers continue to cope with the impact of higher borrowing costs. About 40% of the 7 million people who were out of work in October, or roughly 2.
Since the election, though, voters' views of the economy have improved, especially among Trump supporters, CBS News polling has found.November's jobs reportOn Friday, the Labor Department will release the November jobs report, with economists forecasting 207,000 new hires last month, according to financial data firm FactSet. The jobless rate is expected to hold steady at 4.1%, near 50-year lows.
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