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The Ravages of Time; The Long-term Unemployed
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8753 (Oct. 2011)
,
page 39.
Topik:
Labor Market
;
Unemployment
;
Trends
;
Recessions
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
America's great labour market slump continues to cast its pall over the economy, leaving one lonely group in particular shrouded in shadows. Over 6m Americans, more than 40% of all those unemployed, have now been out of work for more than six months. Most of these, 4.5m, haven't worked for a year or more. This crisis of long-term joblessness is unprecedented in the post-war period. Lacklustre growth is the main problem. The pace of new hiring crashed during the recession and has scarcely recovered since. Although America's unemployment rate is down a percentage point from its peak, this is little cause for cheer. Workers are escaping unemployment more slowly than at any time since 1948. The long-term unemployed are struggling most; in the year to June, the newly jobless were three times more likely to find new work in a given month than the long-term unemployed. Many of the latter have given up hope. For the first time in decades, jobless workers are more likely to drop out of the labour force (and cease to be counted as unemployed) than to get a job. Bit by bit, a large mass of American workers is losing touch with the labour market.
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