Long-term Unemployment

Long-term unemployment crisis rolls on, By Charles Riley, June 11, 2012, CNNMoney: “The national unemployment rate has fallen from its recession highs, but Americans who have been out of work for six months or more are still having trouble finding work. The numbers are staggering. The ranks of the long-term unemployed swelled last month from 5.1 million to 5.4 million, and those individuals now account for 42.8% of the unemployed. Meanwhile, the average length of time the unemployed have spent out of work has climbed steadily higher — and older Americans have been the hardest hit…”