Huge Surge in Long-term Unemployment Casts Long Shadow

Publication: Los Angeles Times


04/13/2010 - Despite the optimism generated by recent job gains, one grim statistic casts a long shadow over the recovering economy – and over the future for more than six million American workers. In an astounding departure from past patterns, fully 44% of the nation's 15 million unemployed have been out of work for more than six months.

And the evidence suggests many of them may never completely rebuild the working lives they lost.

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Federal spending on unemployment benefits could reach $168 billion this year, five times the level in the years just before the recession, according to a report from Pew Charitable Trusts. In addition, tens of billions more are being spent for food assistance to unemployed workers and their families.

Read the entire article Huge Surge in Long-term Unemployment Casts Long Shadow on the Los Angeles Times Web site.

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