Study Reveals Bleak Reality of Long-Term Unemployed
Only 11% in any given month had found work a year later
By Rob Quinn, Newser Staff
Posted Mar 21, 2014 2:06 AM CDT
Job seekers line up to meet prospective employers at a career fair at a hotel in Dallas earlier this year.   (AP Photo/LM Otero)

(Newser) – The situation is even bleaker than it might seem for the 3.8 million Americans classed as long-term unemployed, a new study finds. Only 11% of the long-term unemployed in any given month had found work a year later, according to research from three Princeton University economists, and they are far more likely to drop out of the workforce permanently than to return to full-time employment, the Los Angeles Times reports. The outlook for the long-term unemployed has failed to improve despite short-term unemployment levels returning to pre-recession averages, the AP finds.

The researchers, including Alan Krueger, President Obama's former chief economic adviser, also found that even among the long-term unemployed who found jobs, more than a third ended up jobless within a year, the Washington Post notes. The researchers called for aggressive measures to fix the job market, including "designing effective interventions to prevent the long-term unemployed from receding into the margins of the labor market or withdrawing from the labor force altogether," reports the Wall Street Journal.

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Showing 3 of 128 comments
Diggsc
Mar 24, 2014 12:16 PM CDT
Well, elections have consequences. And Obama was very quick to dis the Republicans by stating "I won" when they first met with him, so it was pretty clear from the start that Obama wanted nothing at all to do with bipartisanship. They wanted a non-accomplished community organizer in charge of their economy in 2008, and a disaster of a President in 2012, and they go him, good and hard. Sucks to be them, but they chose the path they are now treading on.
InklingBooks
Mar 24, 2014 8:09 AM CDT
Take effective measure to end long-term unemployment? Unfortunately, this country took a pass one the most effective of those measures--tossing Obama out of office in November of 2012. The only really effective one still left in killing Obamacare and for that we'll have to toss out as many Democrats as possible in next fall's elections. Doing anything else is mere smoke and mirrors.
MDE
Mar 22, 2014 6:07 PM CDT
Things are not always as they appear on the surface. These researchers are only looking at the numbers on the surface, not taking into account the double and triple variables. For instance, how many skilled laborers have learned that the money and financial security is in owning their own business rather than working for someone else's? My guess is quite a few since millions of industrial jobs got exported to India and China. Many have elected to start their own business and fire their boss = a well deserved long over due promotion.