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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 ...
The term "Luddite fallacy" is sometimes used to express the view that those concerned about long-term technological unemployment are committing a fallacy, as they fail to account for compensation effects. People who use the term typically expect that technological progress will have no long-term impact on employment levels, and eventually will ...
The mean and median duration of U.S. unemployment. Long-term unemployment is defined by the International Labor Organization (ILO) as referring to people who have been unemployed for 27 weeks or longer and are actively seeking employment. Other measurements have been used by different Bureaus and Agencies worldwide.
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.
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 ...
In his recent State of the Union address, President Obama underscored the plight of the long-term unemployed, entreating Congress to renew the now-expired emergency unemployment benefits that ...
The New York Times reported some of the causes and consequences of higher black unemployment in February 2018: "Even at the low of 6.8 percent recorded in December [2017] — it climbed back to 7.7 percent in January — the unemployment level for black Americans would qualify as a near crisis for whites. And the relative gains have not erased ...
At that point in time, the national unemployment rate was distressingly close to 10%. Now, there seems to be a population made up of the chronically unemployed, unable to secure work simply ...