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发帖数: 29846 | 1 by Dan Riehl 10 Sep 2014, 5:51 PM PDT 28
The White House may call it a recovery, and the media may mostly chirp along
, but that doesn't appear to be the case for many Americans still victim to
ObamaNomics. The "number and share of people out of work for more than six
months, the so-called long-term unemployed, remain at historically high
levels."
One has to wonder how hiring trends might be different were businesses
not having to contend with the new financial burdens imposed by Obamacare,
for example. And certainly any influx of cheap labor through a lax
immigration policy can't help in this situation.
Of the 3 million long-term jobless today, about one-third have been
unemployed for more than two years, Labor Department data show. A small
minority — roughly 100,000 Americans like Perry — have been actively
looking for at least five years. They might be called the super long-term
unemployed. While others have quit looking, taken early retirement or
entered disability rolls, these workers have pressed on year after year
despite the increasingly long odds of finding a new job.
Don't look for the media or Washington to connect those dots any time soon.
Although relatively few workers are in this boat, experts call the
problem deeply worrisome.
"Just because you aren't long-term unemployed doesn't mean you won't be
tomorrow," said Justin Wolfers, a senior fellow at the Peterson Institute
for International Economics.
Having large numbers of people drawing food stamps, Medicaid and other
public programs instead of being productive, taxpaying workers hurts the
overall economy, he said. "The budgetary impact is quite large." |
