A lot of Americans are still forced to (1) retire or (2) go abroad because the USA economy is still run by short-sighted thinkers, leaders and profiteers. This article by Ben Casselman makes important points for progressives this election year.
Only about 11 percent of the long-term jobless find jobs each month, little better than in the depths of the recession. Moreover, even those who do find jobs are often able to find only part-time or short-term work.
If they aren't finding jobs, what's happening to the long-term unemployed? They're dropping out of the labor force altogether. As the chart below shows, the share of the long-term jobless who are giving up their job searches has been rising steadily, even as the job-finding rate has remained largely flat. (Not shown on the chart are the more than 50 percent who remain unemployed.)