Losing hope: The Labor Department calls people who haven't looked for work in the last four weeks "discouraged workers," but millions more hopelessly unemployed gave up long before then.
From CNN:
Ignoring the hopeless might make it seem like the long-term unemployment problem in the United States is slowly improving.
The unemployment rate has dropped sharply since 2009, and the number of people unemployed for six months or more has declined. Plus, the number of so-called "discouraged workers" has also fallen.
But the growing number of hopelessly unemployed is worrisome. Studies widely show the longer a person is unemployed, the weaker his or her chances are of getting a job.
1 comment:
My cousin works for a major insurance company. The company is cutting benefits right and left -- and letting people go as well. What's more, the company is working employees over 60 hours a week; when anyone voices even an iota of complaint about the lack of leave (Forget family leave, even if a family member is dying!) or the hours, the response is, "You should be grateful that you have a job at all." Everyone knows that it is easy to find a replacement because hordes of college grads are available.
This situation has been ongoing since 2010.
My cousin is hanging on by her fingernails -- not just for the income but also for the health insurance. She has Graves Disease and cannot obtain a private policy.
I suspect that there are thousands upon thousands of employees in my cousin's predicament.
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