Long-Term Unemployment Is Rising At The Worst Possible Time

Share on facebook
Share on twitter
Share on linkedin
Share on reddit

The temporary furloughs caused by springtime shutdown orders are turning into permanent job losses. And the one entity that could do something about it ― the government ― is doing nothing.  

More than 2.4 million workers had been unemployed for at least six months as of September, according to the most recent data from the U.S. Labor Department. It’s the most people mired in long-term joblessness since 2015 and a huge increase of 781,000 from the month before. 

“It’s the biggest increase in long-term unemployment we’ve ever seen,” said Heidi Shierholz, a former Labor Department economist now with the Economic Policy Institute think tank.  

Six months is what economists consider long-term unemployment, and it’s bad. When a worker is unemployed that long, their…



Comments

Leave a Reply

Responses

Sign up for our Daily News Briefing

Get daily news delivered to your inbox. 

Build for us, by us...

Social Community

Breaking News

Business Directory

Connections

Grow

Forge Your Kingdom...

Community is Everything: Build a tribe of inspiring friends. Build a community, of like-minds, who will give you the strength to act on your ideas and inspire you to be the best version of you.

Community

Connect, Share, & Grow! Share your stories!

Mobile Friendly

Access the community from any device.

Buy Black

Thousands of minority-owned businesses at your fingertips.