The Most Frightening Result of the Great Recession: Jobless Americans Who Have Given Up from the New Republic
" One group argues that the current unemployment rate, currently at 6.7 percent, is unrepresentative of the labor market because it doesn’t include the millions of long-term unemployed: discouraged workers who have left the labor market. The other side argues that the labor market has segmented—that those with jobs and the short-term unemployed compete for work in one labor market that is tightening, while the long-term unemployed compete in another where jobs are scarce. ... They found no evidence that the long-term unemployed have a better chance of finding a job in states with lower unemployment rates. In other words, an improving economy doesn’t help."
" One group argues that the current unemployment rate, currently at 6.7 percent, is unrepresentative of the labor market because it doesn’t include the millions of long-term unemployed: discouraged workers who have left the labor market. The other side argues that the labor market has segmented—that those with jobs and the short-term unemployed compete for work in one labor market that is tightening, while the long-term unemployed compete in another where jobs are scarce. ... They found no evidence that the long-term unemployed have a better chance of finding a job in states with lower unemployment rates. In other words, an improving economy doesn’t help."
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