One in Five U.S. Jobless Are Unemployed After a Year, Pew Says

Publication: Bloomberg

Author: Courtney Schlisserman


04/05/2010 - More than one in five jobless Americans have been without work for a year or more, potentially leading to a loss of skills that will hurt the economy, according to a study by the Pew Fiscal Analysis Initiative.

About 3.4 million people, or 23 percent of the unemployed in December, were jobless for at least 12 months, the study showed. And, while the long-term job loss spans industries and age groups, those who are 55 and older have had the hardest time finding new positions, according to the report.

Read the entire article One in Five U.S. Jobless Are Unemployed After a Year, Pew Says on the Bloomberg Web site.

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