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Illustration: Eniola Odetunde/Axios

Nearly 4 million Americans have been unemployed for 27 weeks or longer — trapped in a vicious cycle that makes it harder to get back to work.

The big picture: Long-term unemployment during a pandemic is a double whammy. Millions are experiencing food and housing insecurity and lack health care when they need it most.

What's happening: "The troubling amount of long-term unemployment and its continuing rise is dangerous for the U.S. labor market," says Nick Bunker, an economist at the jobs site Indeed. "A fast labor market recovery will help alleviate these concerns, but that bounce back is still a ways away and dependent on controlling the coronavirus."

  • The number of Americans experiencing long-term unemployment — around 4 million — is far from the worst of the Great Recession, when long-term unemployment reached 7 million.
  • But it's remarkable considering where the U.S. was before the pandemic. The long-term unemployment rate is 2.5%, which is comparable to the 3.5% overall unemployment rate in January 2020, Bunker notes.

Why it matters: Studies have shown that long-term unemployment hurts workers' physical and mental health, reports Bloomberg. And the longer someone is unemployed, the harder it is for that person to get another job — let alone another job at the same pay level.

Job-seeking is even more exhausting during a pandemic, says Tim Classen, an economist at the Quinlan School of Business at Loyola University in Chicago.

  • To start, there are fewer jobs out there than there are unemployed people.
  • On top of that, people may be attempting to juggle job-hunting with parenting kids who are learning remotely.
  • Not everyone is comfortable interviewing over video calls, and not everyone has the broadband access required to even attend those interviews.

"The fluctuations in uncertainty play into this, too," Classen says. Millions of restaurant workers, flight attendants, retail workers and more aren't sure when the pandemic will end — or if their employers will even survive it.

There's a bit of a silver lining, though.

  • While losing a job is a traumatic event and can really chip away at someone's sense of self-worth, it can also be easier to bear if millions are going through the same thing. Job loss doesn't feel as personal in a pandemic, says Classen.
  • "There’s a sense of, 'Yeah, I’m depressed, and I’ve lost my job, but I’m not alone in my suffering,'" he says. "Maybe in some way that tempers it."

Go deeper

Bryan Walsh, author of Future
48 mins ago - Health

The end of quarantine

Illustration: Annelise Capossela/Axios

Long quarantines were a necessary tool to slow the COVID-19 pandemic during its first phases, but better and faster tests — plus vaccines — mean they can be scaled back considerably.

Why it matters: Quick tests and regular surveillance methods that identify who is actually infectious can take the place of the two-week or longer isolation periods that have been common for travelers and people who might have been exposed to the virus, speeding the safe reopening of schools and workplaces.

Amazon rollups are the hottest deals

Illustration: Aïda Amer/Axios

A new generation of companies is forming to scoop up Amazon marketplace sellers — and venture capital firms are writing big checks to support the effort.

Why it matters: These e-commerce aggregators are all about data and using it to optimize and turbocharge sales, which means they’re using Amazon’s own playbook.

Trump Justice Department obtained phone records of WashPost reporters

Photo: Bill O'Leary/The Washington Post via Getty Images

Former President Trump's Justice Department in 2017 secretly obtained the phone records of three Washington Post reporters, the newspaper revealed Friday.

Between the lines: The reporters — Ellen Nakashima, Greg Miller and Adam Entous — at the time were looking into Russian interference in the 2016 presidential election.