Some Unemployed Keep Losing Ground by WSJ

IMG_1473This is an article in today’s Wall Street Journal, it shows how many unemployed people are not getting re-hired and what a devastating effect its having on the long term unemployed.

I highly recommend reading this piece in its entirety at http://online.wsj.com/article/SB10001424127887323998604578565253887893738.html?mod=WSJ_hpp_LEFTTopStories by Ben Cassellman

Excerpt:

The recession ended four years ago. But for many job seekers, it hasn’t felt like much of a recovery.

“Once people reach a point where they no longer consider themselves employable…it is very difficult to pull them back,” said Joe Carbone, president of WorkPlace, a Connecticut workforce-development agency that has developed a program targeting the long-term unemployed. “We are losing thousands of people a day. This is like an epidemic.”

 

Nearly 12 million Americans were unemployed in May, down from a peak of more than 15 million, but still more than four million higher than when the recession began in December 2007. Millions more have given up looking for work and no longer count as unemployed. The share of the population that is working or looking for work stands near a three-decade low.

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3 thoughts on “Some Unemployed Keep Losing Ground by WSJ

  1. Sounds like an interesting article, but if you’re unemployed and counting your pennies, like me, you can’t read it without paying for it.

    1. What you are saying is very true. My hope is that by having an article like this on the front page of The Wall Street Journal that someone, Congress or POTUS, would start taking action on job creation. A recent poll showed 73% of Americans said the economy and job creation were the issue they cared most about. It blows my mind that the President, Senate and House are talking about everything else but have completely turned their backs on the longterm unemployed.

      1. I agree. I support the President and the Democratic party, but they’ve dropped the ball here, big time. I see myself, and all of my colleagues who are “in transition” investing so much time, energy and emotion trying to land a job to no avail. The impact of unemployment, especially long-term unemployment is having so much more than a financial impact. Our elected officials don’t seem to care.

        I don’t know what it will take to get their attention. Thank you for keeping the subject in the forefront. I’ve said it before, but I’ll say it again, you do good work, Andrew.

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