Wednesday, August 4, 2010

Long-term Unemployment Gets Worse

Just a few years ago, in 2007, the percentage of unemployed workers who had been out of work for 27 weeks or more was under 20 percent.

Now it has more than doubled.

In fact, according to the most recent numbers, 46.2 percent of unemployed Americans have been out of work for 27 weeks or more.

Not only that, but the average time needed to find a job in the United States has risen to a record 35.2 weeks.

Millions of middle class Americans have been dumped out of their jobs over the past two or three years, and they can't seem to find equivalent jobs no matter how hard they try. Millions have given up on finding something that will pay about the same and have resorted to flipping burgers or greeting customers down at the local "big box" store. Millions of others can't seem to get hired anywhere. The truth is that there are not nearly enough jobs for everyone anymore. Today, there are about 6 unemployed Americans for every single job opening in the United States. It is almost as if tens of millions of American workers have been forced into a very sick version of musical chairs where there are not nearly enough chairs for everyone. Unfortunately, the losers in this game are likely to lose their homes, their dignity and any chance at achieving the American Dream. The truth is that things are getting really bad out there. According to one disturbing new survey, 28% of all U.S. households have at least one member that is looking for a full-time job. That is not just a problem - that is a national crisis.

An Unemployment Chart Almost Too Depressing To Look At

1 comment:

  1. I think you should look into the link between education funding and unemployment.


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