Long-Term Unemployment Getting Worse

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Suzy Khimm points us to a new Pew report outlining the continuing cost of long-term unemployment during the recession. Both unemployment and long-term unemployment get worse among the least educated, and long-term unemployment gets worse with age. “The data show that once they lose their jobs, older workers are the most likely to remain out of work for a year or longer. In the third quarter of 2011, more than 43 percent of unemployed workers older than 55 had been out of work for at least a year.”

In other words, although raw levels of unemployment are lower among older workers, if you do lose your job when you’re in your 40s or above, there’s a very good chance you’re going to stay unemployed for at least a year. That’s the price we’re paying for our political unwillingness to do anything serious to cut the recession short.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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