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Periods of long-term unemployment — more than a few months — can be financially and emotionally distressing, causing worry, anxiety, and more. More people are facing long-term unemployment due ...
Sederberg pointed to the long-term unemployment rate as one example. As of January, 21.1% of the unemployed U.S. population had been without a job for six months or longer.
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 ...
As with frictional unemployment, simple demand-side stimulus will not work to easily abolish this type of unemployment. 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 ...
Long-term unemployment could potentially create even longer-term problems for the nation's budget deficit and the quality of the U.S. workforce. With more than 6.1 million workers reporting that ...
Recovering financially after a period of long-term unemployment isn't easy, but it is fairly straightforward: Pay off debts, rebuild savings, and adjust to a new (typically lower) income.
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:
Job training programs and incentives for companies to hire the long-term unemployed are among the solutions available, but gathering the political will to address an isolated group is difficult. The long-term unemployed are less likely to vote. [50] CBO reported several options for addressing long-term unemployment during February 2012.