(NEW YORK) — Employers in nearly every industry have cut back on hiring, according to the latest data, leaving job seekers with fewer places to turn.

A recent jobs report extended a lackluster run of labor data that stretches back to the beginning of the summer. While the unemployment rate stands at a historically low level, millions of out-of-work Americans face stiff conditions.

Nearly two million job seekers have been out of the workforce for more than 27 weeks, which amounts to about a quarter of all unemployed people, the U.S. Bureau of Labor Statistics said on Friday.

At the same time, worker confidence in their ability to find a new job has hit a record low, according to a survey released by the New York Federal Reserve on Monday.

Analysts who spoke to ABC News attributed the te

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