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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 ...
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Yet, economic anxiety extends beyond mere layoffs. It is foremost rooted in the fear of not being able to bounce back after a layoff, and getting trapped in long-term unemployment or low-wage work ...
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The United States Bureau of Labor Statistics (BLS), which reports current long-term unemployment rate at 1.9 percent, defines this as unemployment lasting 27 weeks or longer. Long-term unemployment is a component of structural unemployment, which results in long-term unemployment existing in every social group, industry, occupation, and all ...
The Bureau of Labor Statistics has released a report on the long-term experience of the jobless [46] which states that, while more younger workers were unemployed, the older worker was the most impacted by long-term unemployment, leading to concerns that ageism may factor in hiring discrimination. [46]