X

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

(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.

story continues below

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. (Read more unemployment stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X