Tuesday, March 24, 2015
Tweet[IWS] BLS: TRENDS IN LONG-TERM UNEMPLOYMENT: SPOTLIGHT ON STATISTICS [18 March 2015]
IWS Documented News Service
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Institute for Workplace Studies-----------------Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor--------------------Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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NOTE: Funding for this service ends on 31 March 2015. Postings will end on this date as well.
SPOTLIGHT ON STATISTICS
TRENDS IN LONG-TERM UNEMPLOYMENT [18 March 2015]
by Karen Kosanovich and Eleni Theodossiou Sherman
http://www.bls.gov/spotlight/2015/long-term-unemployment/home.htm
or
http://www.bls.gov/spotlight/2015/long-term-unemployment/pdf/long-term-unemployment.pdf
[full-text, 11 pages]
Long-term unemployment reached historically high levels following the Great Recession of 2007–2009. Both the number and share of the unemployed who are long-term unemployed typically continue to increase after a recession ends, before falling during a labor market recovery. Following this cyclical pattern, 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.This Spotlight on Statistics examines trends in long-term unemployment and the characteristics of people who have experienced it.
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