Share on Google Plus Share on Twitter 1 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (2 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
Diary (Diaries are not moderated)

The Long-Term Unemployment Crisis Is as Bad as Ever

By       Message Kevin Anthony Stoda     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) ; ; , Add Tags  (less...)
Add to My Group

View Ratings | Rate It

Author 5798
Become a Fan
  (8 fans)

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.


- Advertisement -
The Long-Term Unemployment Crisis Is as Bad as Ever and it is also why tens of millions of Americans (like me) are forced to work overseas or to retire each year.--kas

- Advertisement -

by , Chief Economics Writer at FiveThirtyEight

As of May [2014] , 3.4 million Americans had been out of work for more than six months. That's far too many -- two and a half times the pre-recession level -- but the number is falling fast, down more than 20 percent in the past year alone.

- Advertisement -

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.)

See graphs and entire story here.

- Advertisement -


- Advertisement -

KEVIN STODA-has been blessed to have either traveled in or worked in nearly 100 countries on five continents over the past two and a half decades.--He sees himself as a peace educator and have been-- a promoter of good economic and social development--making-him an enemy of my homelands humongous DEFENSE SPENDING and its focus on using weapons to try and solve global (more...)

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -