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Like "credit default swaps" and "quantitative easing," "long-term unemployment" was a term seldom heard before the 2007 financial crisis. Now it is a very grave reality for 1.3 million Americans ...
Long-term unemployment is a component of structural unemployment, which results in long-term unemployment existing in every social group, industry, occupation, and all levels of education. [23] In 2015 the European Commission published recommendations on how to reduce long-term unemployment. [24] These advised governments to:
"Of the roughly 2 percentage-point net increase in the rate of unemployment between the end of 2007 and the end of 2013, about 1 percentage point was the result of cyclical weakness in the demand for goods and services, and about 1 percentage point arose from structural factors; those factors are chiefly the stigma workers face and the erosion ...
During the Great Depression, "hard core" structural unemployment was very common. Hard-core unemployment refers to individuals that have been unemployed for a prolonged period of time (i.e. six months, over a year). The hard core unemployment phenomenon present in the 1930s is believed to be caused by not only the depression, but also a shift ...
A 2013 study by the Economic Policy Institute reveals that if a college-educated worker becomes unemployed they are as likely as any other worker—of whatever level of education—to get trapped ...
By Sarah Li Cain Google any news article and you'll find horror stories of people being unemployed for six months or more. You'll mostly likely read that they suffer from depression, have anxiety ...
Seasonal unemployment may be seen as a kind of structural unemployment, since it is a type of unemployment that is linked to certain kinds of jobs (construction work, migratory farm work). The most-cited official unemployment measures erase this kind of unemployment from the statistics using "seasonal adjustment" techniques.
At that point in time, the national unemployment rate was distressingly close to 10%. Now, there seems to be a population made up of the chronically unemployed, unable to secure work simply ...
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