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The ranks of Americans experiencing long-term unemployment increased 66,000 to 1.282 million. The number of people working part-time for economic reasons rose 218,000 to 4.283 million.
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 ...
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:
The number of people who are considered to be long-term unemployed, defined as being jobless for 27 weeks or more, was little changed at 1.6 million in October and up from 1.3 million a year ago.
Variables such as the unemployment rates (U-3 and U-6) and number of employed have improved beyond their pre-recession levels. However, measures of labor force participation (even among the prime working age group), and the share of long-term unemployed were worse than pre-crisis levels.
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]
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. This fear is well-founded, even for experienced ...
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