The perils of long-term unemployment

Alarming as the climb in unemployment is, the growing duration of joblessness is more worrying still.
Americas army of long-term unemployed ? those without work for six months or more ? swelled to 5.4 million, according to todays figures.This is roughly equal to the combined populations of Los Angeles, San Diego and Sacramento.
Source:http://blogs.reuters.com/columns/2009/10/02/the-perils-of-long-term-unemployment/

Tags: , , , , , , ,

Filed under:The News

Statician says US joblessness near Depression highs

NEW YORK, March 9 (Reuters) - The U.S. unemployment rate would be 19.1 percent, close to the level during the Great Depression, using the methodology that prevailed 80 years ago, according to Shadowstats.com. According to the official Labor…
Link source:http://www.reuters.com/article/marketsNews/idUSN0944970920090309?rpc=64

Tags: , , , , ,

Filed under:The News