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The odds you’ll join the ranks of the long-term unemployed
Washington Post ^ | 05/18/2014 | Matt O'Brien

Posted on 05/18/2014 6:48:38 PM PDT by SeekAndFind

Long-term unemployment is a terrifying trap that, even in the best of times, is difficult to escape. And it's a trap that you can get stuck in for no reason other than bad luck.

Today, there are still almost 3.5 million people who have been out of work for six months or longer and are looking for work. There isn't a more urgent crisis, and there are three things you should keep in mind about it.

1. As former CEA Chair Alan Krueger found, the long-term unemployed aren't much different from the short-term unemployed. They're a little older and more of them are African-Americans, but they're just about as educated and work in the same industries as everyone else who's trying to find a job.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: jobs; unemployment
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To: virgil

Search 401k and 55 and you will find the information. It applied to me, not sure if it applies to you.


41 posted on 05/18/2014 9:09:42 PM PDT by Deagle (ues)
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To: Kartographer
"In before the ‘DEADBEATS’ crowd."

You made it by 22 seconds.

42 posted on 05/18/2014 9:46:36 PM PDT by DannyTN
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To: SeekAndFind
The lesson here is that we need stimulus. Sure, the economy will eventually recover on its own in the long run. But in the long run, our careers, if not ourselves, will be dead. High unemployment begets high long-term unemployment, which forces people into premature retirement. Spending more and printing more money can at least mitigate these vicissitudes of the business cycle—if, as the IMF points out, we're willing to be radical enough.

I should have guessed it was a propaganda piece, coming from the Washington Post.

We had a stimulus, and some bailouts, huge bailouts, and we had Quantitative Easing I, II, III, and whatever.

What we have NOT had is any decrease in the economically destructive communist and NAZI policies of this administration. Unless several thousand of these evil creatures are removed, and many bureaucracies dismantled, no amount of tinkering with the economy will produce positive effects.

43 posted on 05/18/2014 10:12:24 PM PDT by meadsjn
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To: SeekAndFind
Long-term unemployment is a terrifying trap that, even in the best of times, is difficult to escape. And it's a trap that you can get stuck in for no reason other than bad luck.

And Obama.

44 posted on 05/18/2014 10:12:30 PM PDT by KC_Conspirator
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To: gaijin
Yes, the homeless and unemployed always disappear during Democrat administrations.

The MSM always seem to rediscover them when a Republican is president.

-PJ

45 posted on 05/18/2014 10:15:28 PM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: Political Junkie Too

They don’t care a hoot about food or gas costs either. But when Republicans are in power they get blamed for hurricanes.


46 posted on 05/18/2014 10:51:34 PM PDT by Luke21
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To: Political Junkie Too
The media would have done a dozen documentaries about the plight of the unemployed and the homeless e.t.c, if the president was a republican.
47 posted on 05/19/2014 12:53:12 AM PDT by Moorings
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To: Deagle

Maybe, but if it is REALLY a problem then the House would pass unemployment for those who are out of work, but they don’t believe it is a problem. Since it is the conservatives who are not interested in the problem as you seem to claim, I think it is overeggagerated. If the House had passed additional unemployment then I would think that it was a bigger problem but the conservatives don’t have a problem with it because it is not that bad.


48 posted on 05/19/2014 3:48:02 AM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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To: Viking2002

I was out of work for 6 months. Only got a job because I knew somebody. It is bad out there.


49 posted on 05/19/2014 5:47:58 AM PDT by waxer1 (A Republic if you can keep it--Benjamin Franklin. Well we lost it.)
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To: waxer1

It’s worse than bad. We’ve pretty much tapped out all of our resources over the last two years for various reasons, the safety net has holes too big to catch us, it appears, and now I’m starting to make phone calls to creditors to see how much longer we can keep the wolf from the door. It’s got my guts twisted like a bowl of Ramen noodles.


50 posted on 05/19/2014 1:30:57 PM PDT by Viking2002
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To: Viking2002

It’s a terrible situation.


51 posted on 05/20/2014 5:17:47 AM PDT by waxer1 (A Republic if you can keep it--Benjamin Franklin. Well we lost it.)
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To: waxer1
'Terrible' is a word I only use when there's some potentially positive epilogue to such a tragic story. This is a bottomless blackness where no light can escape.


52 posted on 05/20/2014 5:19:47 PM PDT by Viking2002 (Liberals - destroyers of both men and civilizations. The Fourth Turning Cometh.)
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To: napscoordinator

While I agree with your problems... It is not up to the Government to solve private employment. Sounds crass I know but to do that would place us into another spectrum - maybe Socialism. They have already passed legislation giving benefits for years, what do you really expect? I know it’s hard, been there but you really have to push yourself to succeed. You can NOT expect the Government to help except for temporary relief.


53 posted on 05/20/2014 6:46:43 PM PDT by Deagle (ues)
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To: Deagle

I actually was answering somebody else. I am retired form the Navy so I get a pension. I get a VA check for 60 percent and I am a Federal worker so I am pretty well employed and compensated for my efforts pretty well.


54 posted on 05/20/2014 8:39:47 PM PDT by napscoordinator (Governor Scott Walker 2016 for the future of the country!)
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