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The number of long-term unemployed (those jobless for 27 weeks or more) declined by 293,000 in June to 3.1 million; these individuals accounted for 32.8 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 1.2 million." [35]
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 ...
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:
Unemployment insurance is funded by both federal and state payroll taxes. In most states, employers pay state and federal unemployment taxes if: (1) they paid wages to employees totaling $1,500 or more in any quarter of a calendar year, or (2) they had at least one employee during any day of a week for 20 or more weeks in a calendar year, regardless of whether those weeks were consecutive.
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 ...
There are now millions of people who are in the long-term, figure-out-how-to-pay-your-bills-yourself jobless category. And while the government may choose not to count them because they no longer ...
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by governmental bodies to unemployed people. Depending on the country and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time ...
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 ...