The long-term unemployment index is continuously rising: the Fed is betraying workers.

The long-term unemployment index in the US job market continues to rise, indicating that the Fed is betraying workers.

Data shows that the long-term unemployment index has risen from a low of 1.1 in June 2022 to 1.4, reaching the highest level in nearly two years. This means that more and more Americans are trapped in long-term unemployment.

The long-term unemployment index is one of the important indicators for measuring the health of the job market. It reflects the proportion of people unemployed for more than 6 months to the total number of unemployed. A higher index indicates a more severe long-term unemployment problem.

The Fed had previously stated that it would fight for better treatment for workers. But the current data indicates that the Fed's policies are harming the interests of workers.

By significantly raising interest rates, the Fed is trying to curb inflation, but at the same time, it has also suppressed employment. An increasing number of people find it difficult to re-enter the job market after losing their jobs, falling into long-term unemployment.

This is contrary to the Fed's previous commitment to promote workers' welfare. Fed Chairman Powell had stated that wages should keep pace with inflation, but the reality is that wage growth lags far behind inflation.

The Fed needs to reassess its policies to balance the relationship between inflation and employment. Otherwise, more and more American workers will fall into long-term unemployment.