- Only 11% of the long-term unemployed find work again a year later, By Ricardo Lopez, March 20, 2014, Los Angeles Times: “In a sobering new study, three Princeton economists found that only 11% of the long-term unemployed in any given month found full-time work a year later. The paper, presented Thursday at a Brookings Panel on Economic Activity, offered a comprehensive look at the profile of the long-term unemployed. The lead economist behind the study is Alan B. Krueger, the former chairman of President Obama’s Council of Economic Advisors. The economists tested the hypothesis of whether a low supply of jobs or discrimination by employers contributed to long-term unemployment. The answer? Probably both…”
- Jobs scarce for U.S. long-term unemployed, By Josh Boak (AP), March 21, 2014, The Tennessean: “A new study documents the bleak plight of Americans who have been unemployed for more than six months: Just 11 percent of them, on average, will ever regain steady full-time work. The findings by three Princeton University economists show the extent to which the long-term unemployed have been shunted to the sidelines of the U.S. economy since the Great Recession. The long-term jobless number 3.8 million, or 37 percent of all unemployed Americans…”
- States have provided jobless benefits retroactively before — so why can’t they now?, By Stephen Koff, March 20, 2014, Cleveland Plain Dealer: “The folks who administer unemployment compensation say that the start-stop-start nature of the latest jobless-benefits proposal in Washington would be unworkable in the states. That’s because, they say, it is the states, not the federal government, that must administer the benefits and deal with all the hassles, regardless of whether the benefits are paid for by the feds…”
Poverty-related issues in the news, from the Institute for Research on Poverty