Persistent Scars of Long-Term Joblessness


Natasha's Memory Garden

http://economix.blogs.nytimes.com/2013/09/06/persistent-scars-of-long-term-joblessness/?_r=0

By ANNIE LOWREY

September 6, 2013, 10:25 am

Hugely elevated levels of long-term unemployment remain one of the worst and most persistent scars from the Great Recession, as underscored yet again in the mediocre August jobs report. All in all, about 4.3 million Americans have been out of work for six months or more.

For those workers, the chance of getting a job gets slimmer and slimmer as time goes on, skills degrade and employers’ biases harden. Even if those workers do become re-employed, it is often for lower wages or worse work.

Granted, the number of Americans that count themselves among the long-term jobless has declined sharply over the last three years, dropping by about 2.4 million from a peak of 6.7 million in 2010. But the number remains significantly elevated, and hundreds of thousands out of work for long spells have simply given up and dropped…

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