In December, 826,000 unemployed workers had been out of a job for about 3½ to 6 months, up from 526,000 in April 2022.
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When Jeffrey Durante was laid off from a financial technology company in August, he hoped he could land a new job by November.
But come mid-January, Mr. Durante was still searching for a product-manager job or related role. And he isn’t alone.
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