Ranks of Long-Jobless Shrink
Suddenly, they're the ones who can find jobs
By Kevin Spak, Newser User
Posted Jan 11, 2013 7:26 AM CST
The long-term unemployed are the ones finding jobs right now.   (Shutterstock)

(Newser) – Recent months have brought positive signs for the long-term unemployed, allaying fears that the US would face a "structural unemployment" problem, with legions of perpetually unemployable people. The long-jobless shrunk to 39.1% of all job seekers in December, the first time the number has dipped below 40% in three years, the Wall Street Journal reports. "They've been the ones getting the jobs," observes one economist. Indeed, in the past year 843,000 have left the ranks of the unemployed, and 830,000 of those have been longtime members (defined as those out of work for at least six months).

That's not to suggest that everything is wonderful. There are still 4.8 million Americans classified as long-term jobless, down from a peak of 6.5 million in 2010 but still higher than at any point post-World War II. What's more, many are returning to lower-paying jobs; each year out of work equates to an average 11% drop in pay upon return to the workforce. "You say the job market's getting better," says one 51-year-old now working as a grocery cashier. "Yeah, for these $8.25-an-hour jobs."

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Showing 3 of 47 comments
ppaca
Jan 12, 2013 2:18 PM CST
"The long-jobless shrunk to 39.1% of all job seekers in December, the first time the number has dipped below 40% in three years" Please notice that the article said SEEKERS. Millions are no longer seeking work, they just sit back and collect welfare. This article is just a left-wing POS !!!!
reallybig
Jan 11, 2013 12:44 PM CST
RANKS of Long-Jobless Shrink? --- ANYBODY with half a brain knows they disappeared and went on welfare, joining the other "long-time-forever" non-workers, on the dole. -------- REALLY
jonnynonos77
Jan 11, 2013 10:40 AM CST
One need to spend a whopping 10 seconds on Google to find that this story is a steaming hunk of putrid garbage from, in this case, that bastion of conservative propaganda, the Huffington Post. http://www.huffingtonpost.com/2013/01/09/long-term-unemployment-rate-99ers_n_2438353.html I knew it was a steaming pile of garbage and almost posted so without a reference but at the last second made the effort of opening up a new browser and doing a search for "long term unemployment."