Tuesday, April 21, 2015

Unemployment for some is not ending

"Long-term unemployment has fallen in recent years, although it remains high by historical standards. Five years after the Great Recession ended, the number of long-term unemployed still made up a larger share of unemployment than during any previous recession." (BLS, Spotlight on Statistics, March 2015). Actually, the recession ended in June 2009, almost six years ago—so these figures are from 2014 apparently. This has been the slowest recovery from a recession in history. I believe the ARRA made it worse.

Men more than women, blacks and Asians more than whites, older more than younger are the faces of the long term unemployed. Education level doesn't change things. Washington, DC, home of our federal government,  has the highest rate of long term unemployed. http://www.bls.gov/.../2015/long-term-unemployment/home.htm

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