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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 ...
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 ...
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:
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.
This is a list of OECD countries by long-term unemployment rate published by the OECD. This indicator refers to the number of persons who have been unemployed for one year or more as a percentage of the labour force (the sum of employed and unemployed persons).
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]
By Richard Eisenberg Although things seem to be looking up on the jobs front (claims for state unemployment benefits just fell to their lowest level since January 2008), the same can't be said for ...