LJ_Reloaded
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- Joined
- Apr 3, 2010
- Posts
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Thank the Republicans who ran the White House and Congress for 6 years, for this one...
http://online.wsj.com/article/SB10001424052970203513604577144483060678656.html#mod=djempersonal
Unemployment Scars Likely to Last for Years
Unemployment Scars Likely to Last for Years
BY BEN CASSELMAN
January 9, 2012
The U.S. job market is showing signs of a sustained recovery. But the country's prolonged struggle with unemployment will leave scars that are likely to remain for years, if not generations.
Economists and academicians believe long-term unemployment may be a bigger problem than high unemployment.
Research shows the longer people are unemployed, the less likely they are to find jobs. Economists aren't sure why- to what degree it's because workers' skills deteriorate, or because they find ways to cope and give up looking for work, or whether the stigma of being unemployed for so long makes companies unlikely to hire them.
But the effect is the same: many of the people out of work the longest likely will never work again.
http://online.wsj.com/article/SB10001424052970203513604577144483060678656.html#mod=djempersonal
Unemployment Scars Likely to Last for Years
Unemployment Scars Likely to Last for Years
BY BEN CASSELMAN
January 9, 2012
The U.S. job market is showing signs of a sustained recovery. But the country's prolonged struggle with unemployment will leave scars that are likely to remain for years, if not generations.
Economists and academicians believe long-term unemployment may be a bigger problem than high unemployment.
Research shows the longer people are unemployed, the less likely they are to find jobs. Economists aren't sure why- to what degree it's because workers' skills deteriorate, or because they find ways to cope and give up looking for work, or whether the stigma of being unemployed for so long makes companies unlikely to hire them.
But the effect is the same: many of the people out of work the longest likely will never work again.
