Posted on 03/25/2014 10:15:34 AM PDT by SeekAndFind
Say it with me: The long-term unemployed are not lazy. Nor are they coddled, hammocked or enjoying a coordinated, taxpayer-funded vacation.
They are, however, extremely unlucky and getting unluckier by the day.
Take Renardo Gomez of Fitchburg, Mass. In three years, Gomez ricocheted from a stable hospital job of 20 years that paid $34,000 annually to a sudden layoff to a series of low-paying, short-term gigs interspersed with longer and longer spells of unemployment. He expects an eviction notice soon.
I keep putting in 110 percent and getting 10 percent back, he says.
A new Brookings Institution study that tracks the fates of those unlucky workers who dont manage to find stable new jobs in their first few weeks of unemployment suggests that this post-layoff tailspin is distressingly common.
It was already known that the longer workers have been out of a job, the lower their chance of finding work in the coming month. The Brookings paper by the former Obama administration economist Alan Krueger and his Princeton colleagues Judd Cramer and David Cho took this analysis a step further: What about (gulp) these workers longer-run prospects?
It turns out that from 2008 to 2012, only one in 10 people who were already long-term unemployed in a given month had returned to steady, full-time employment by the time government surveyors checked in on them a little more than a year later. Steady in this case means that they were working for at least four consecutive months. And the other nine in 10 workers? They were still out of work, toiling in part-time or transitory jobs or had dropped out of the labor force altogether.
(Excerpt) Read more at washingtonpost.com ...
“For all you know, the other 20 places hired kids within one day of their applications.
Just sayin’ ...”
Or the other 20 places hired no one, so they could then complain that there are no qualified applicants... Just sayin’
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