- Rutgers report: Devastating impact of long term joblessness, By Hugh R. Morley, September 22, 2014, The Record: “A Rutgers University study released today provides a grim, detailed picture of the severe impact that long-term unemployment continues to have on the lives of millions of Americans more than five years after the end of the Great Recession. About one-third of the long-term unemployed workers — six months or more — in the study, based on surveys of unemployed and employed Americans across the nation, said they had been ‘devastated’ and suffered a permanent change in their lifestyle by their jobless experience. The study, titled ‘Left behind: The long-term unemployed struggle in an improving economy,’ found that one in five workers laid off in the last five years are still unemployed. And it showed how far long-term jobless workers slip compared with employed workers…”
- Long-term job hunters still struggle, By Diane Stafford, September 21, 2014, Kansas City Star: “A ‘brutal’ legacy of the Great Recession — diminished living standards — endures for people who suffered, or still suffer, from long-term unemployment. According to a national report released today by the Heldrich Center for Workforce Development at Rutgers University, one in five workers who were laid off during the last five years is still looking for work. While the American economy continues its slow recovery, about 3 million people remain in long-term job searches extending beyond six months. Two million of them have been job hunting for more than a year…”
Tag: Long-term unemployment
Long-Term Unemployment
Long-term unemployed still at record levels, By Don Lee, September 10, 2014, Los Angeles Times: “It has come down to this for Brian Perry: an apple or banana for lunch, Red Sox ballgames on an old Zenith TV and long walks to shake off the blues. At 57, Perry has been unemployed and looking for work for nearly seven years, ever since that winter when the Great Recession hit and he was laid off from his job as a law firm clerk. By his count, Perry has applied for more than 1,300 openings and has had some 30 interviews, the last one a good two years ago. With his savings running dry, this summer he put up for sale his one asset — a three-bedroom house his parents used to own in this suburb of Providence. ‘I’m not looking for pity, just one last opportunity,’ said Perry, a boyish-looking man with bright blue eyes and a nasal New England brogue. The national economy, now in its sixth year of recovery, is gaining momentum and the unemployment rate has fallen sharply over the last year to 6.1%. But the number and share of people out of work for more than six months, the so-called long-term unemployed, remain at historically high levels…”
Joblessness and Unemployment
- Long-term unemployment almost double pre-financial crisis level – OECD, By Phillip Inman, September 3, 2014, The Guardian: “The number of long-term unemployed in the world’s major economies has increased by 85% since the financial crash, according to the latest employment monitor by the Organisation of Economic Cooperation & Development (OECD). More than 16 million people have been out of work for at least a year in the first quarter of 2014, up from 8.7 million before the crisis, or more than one in three of all unemployed across the OECD’s 34 member countries, the report said…”
- U.S. job growth slips in August after months of bigger gains, By Nelson D. Schwartz, September 5, 2014, New York Times: “Once again, the American economy has managed to frustrate the optimists. After a series of positive economic reports in recent weeks, the Labor Department said Friday that hiring in August sank to its slowest pace since December, with employers adding 142,000 jobs last month. The vast majority of economists had been looking for a gain of at least 200,000 in payrolls, coming off healthy indicators for durable goods orders, construction activity and manufacturing in July and August. The unemployment rate did fall by 0.1 percentage point to 6.1 percent last month, but that was because more people dropped out of the work force rather than found jobs…”