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Long-term unemployment affects nearly 30 percent of jobless Americans

Posted: May 6, 2012 - 8:42pm

“Nearly 30 percent of jobless Americans have been out of work for at least a year, according to the Pew Fiscal Analysis Initiative report on the first quarter,” The Los Angeles Times reported. That’s an astounding figure. Any claims of a recovery being boasted by the government should be viewed with skepticism. Unless more jobs are created, the troubled economic horizon will remain cloudy.

The Pew Fiscal Analysis Initiative report found that of the 13.3 million unemployed workers in the country, 3.9 million had been jobless for all or most of 2011. That’s nearly the population of Minnesota.

“That 29.5 percent long-term unemployment rate is slightly off the peak reached in the third quarter of last year, when 31.8 percent of jobless Americans were out of work for a year,” the Times reported. “But the current rate is still more than triple the 9.5 percent from the beginning of the recession.”

“The longer workers remain unemployed, the more likely they may lose skills and professional contacts, making workforce reentry even more challenging,” researchers wrote in the Pew report. “Skill erosion may lead to lower future income for individuals and, for the economy as a whole, lower productivity, lost output.”

It’s not surprising that while college graduates are finding it difficult to find a job in their field of training, older workers were more affected than most. Nearly 44 percent of former employees older than 55 have been out of work for longer than a year. Unemployed workers between 20 and 24 find themselves in the same pickle.

While the nation’s jobless rate remains high, Crow and Cass counties are among the highest unemployment rates in Minnesota, seasonal jobs will take the edge off the jobless rate in both counties.

During the coming election, not only will this be a challenge for the presidential candidates, it will be on the front burner of state elections as well.

—Keith Hansen

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pdnet15
15836
Points
pdnet15 05/07/12 - 09:54 am
3
3

And I'll bet that over 75%

of those unemployed are not looking for work as long as they keep getting unemployment checks!

mission
306
Points
mission 05/07/12 - 04:48 pm
2
4

For no apparent reason...

And without source (as usual), 'pdnet15' chose to foul the water by offering to bet that "over 75% of those unemployed are not looking for work as long as they keep getting unemployment checks!"

Congratulations! You've managed to satisfy three of the six steps to becoming a certified Republican:

TO WIT:

Step #2) You've learned how to tell whoppers with a straight face;

and

Step #3) You spend half your free time worrying that some of YOUR taxes might be going to feed the poor and unemployed, care for the sick, or ensure that the elderly have a place to live;

and:

Step #4) You spend the rest of your time listening to Rush Limbaugh, Sean Hannity and Bill O'Reilly

Fair n Balanced
40535
Points
Fair n Balanced 05/07/12 - 05:41 pm
4
3

At least it takes 6 steps, unlike the DFL,

where all you have to do is repeat Fat Ed Schultz propaganda and hatred to get in. (Well, not working but available to vote and protest on the street is a plus also).

OldFarmBoy
36491
Points
OldFarmBoy 05/07/12 - 05:58 pm
3
2

Mission

I suppose your kind of crabby because your cure all pills were seized in S Korea today ehh??

mission
306
Points
mission 05/07/12 - 06:56 pm
3
5

OldFarmBoy squeaks again, with yet another fact-free comment.

Meanwhile, back in the outhouse, the self-styled 'Fair n Balanced' has nothing worthwhile to say.

No surprise there.

Fair n Balanced
40535
Points
Fair n Balanced 05/07/12 - 09:16 pm
3
3

I'd bet a liberal

came up with the powdered children thingy...

The rhino horn and bear gall bladder didn't work good enough.

muehlbau
19637
Points
muehlbau 05/08/12 - 09:23 am
1
1

Liberals never worry about

Liberals never worry about their tax dollars being spent foolishly on big government because they always anticipate being a recipient of more than they pay in. Even if I thought I was going to receive a greater benefit than what I paid in I'd oppose big government spending because it results in big government, which results in tyranny.

But let's get back to the editorial. Our employment situation hasn't been this bad since 1981. Yes, yes, I know the "official" numbers say it's not that bad, but that's because the numbers don't count those who have been unemployed so long that they've given up. Look at the percentage of people of working age who are not participating in the job market. It hasn't been this high since 1981. What this means is more and more people are giving up and going on welfare and disability instead of working.

Obama's actions have made unemployment worse and the people on Main Street are living that reality and they know who's to blame.

muehlbau
19637
Points
muehlbau 05/08/12 - 09:38 am
1
0

One more thing...

...those pills containing human babies reminds me of Soylent Green (but with babies). Just goes to show there is no depravity of which human beings are not capable.

smartguy
1209
Points
smartguy 05/08/12 - 08:52 pm
0
1

Psssssst . . ..

Don't tell anyone, but much of the unemployed are people who have experienced structural unemployment. Their skills have been replaced by technological advancement. Many of those jobs are never coming back . . .. no matter who is controlling the political levers.

These aren't just your traditional unskilled labor or blue collar wage jobs. Many are former supervisors and/or white collared people who are experiencing the effects of the Silicon Valley Revolution.

southie11
20086
Points
southie11 05/09/12 - 07:37 am
0
1

speaking of North Dakota

I would like to see the Dispatch send a reporter, or maybe Keith, to North Dakota to interview Brainerd area folks who are employed in the oil fields. The elderly on a fixed income are suffering and in some cases being driven from their homes because of high grocery and gas prices which are inflated as a result of the high salaries. There is a high ratio of men to women which has led to fear for the safety of some of the women workers and spouses. But don't take my word for it. Send someone there to the heart of the area and let us see if it is true or not.

Is crime rising there? Is it safe after dark?
Is housing a disaster: expensive and limited?
Is it a utopia of low unemployment and high salaries?
Is it a boom now and a bust within 3 years?

Inquiring minds want to know.

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