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More Than Three Million "Hopelessly Unemployed", Have Not Looked For Work in Over a Year by Kevin Judd
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More Than Three Million "Hopelessly Unemployed", Have Not Looked For Work in Over a Year by KEVIN JUDD
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| Article Posted: 01/17/2013 |
| Article Views: 92 |
| Articles Written: 34 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 202 |
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More Than Three Million "Hopelessly Unemployed", Have Not Looked For Work in Over a Year |
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Business,Government,Law
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CNN reported this month that 3.25 million people are hopelessly unemployed and have not looked for work over the last year because the current economic environment discourages them. The network described people who have been out of work for so long that they have fallen off government measures as “hopelessly unemployed”. The Department of Labor refers to people who have not searched for work in the last four weeks as “discouraged workers”, and the agency does not have a label or measure for people who have not sought employment in over a year. “The way we’re measuring the long-term unemployed has a lot of holes in it,” said Stephen Bronars, senior economist for Welch Consulting told CNN. “A person can be discouraged for a while, but then gets bumped over into this other category.” Five years ago, before the recession began, about 2.5 million people said they wanted a job but had not searched for one in at least a year. Now, that number is around 3.25 million, according to CNN. Bankruptcy remains an option for many people who are out of work and struggling to pay bills. Kevin D. Judd Law Firm of Kevin D. Judd
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