Misconception: The problem isn’t really that bad
At the time of writing, there were 3.2 million long-term unemployed in the U.S. accounting for 32.9 percent of the labor force. 758 more words
in the past six months, unemployment has fallen much faster than expected, from 6.7 to 6.1 percent. And as you can see above, 88 percent of that has been due to declining long-term unemployment. 474 more words
Because the short-term unemployment rate has returned to its pre-recession average, one important implication—if the hypothesis that the long-term unemployed are largely on the margins of the labor market is correct—is that further declines in short-term unemployment would be expected to be associated with rising inflation and stronger real wage growth. 655 more words
Federal Reserve researchers argue that the central bank has been right not to give up on the ranks of America’s long-term unemployed.
The plight of the long-term jobless has been at the heart of… 482 more words