Long-Term Unemployment Growing Despite Economic Recovery(2)

Publication: The Hill


01/30/2011 - As Congress and the White House ramp up their job-creation rhetoric, a growing number of long-term unemployed workers is slowing the pace of the expanding economy and weighing heavily on efforts to reduce the federal budget deficit.

A recent report by Pew’s Fiscal Analysis Initiative shows 30 percent, or 4.2 million of the 14 million, of those who are jobless have been unemployed for a year or more — the federal government defines long-term unemployed as six months or longer — the highest percentage since World War II as of December 2010.

Read the article Long-Term Unemployment Growing Despite Economic Recovery on The Hill Web site.

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