Former Lehman Worker Says Long-Term Unemployment Is ‘Demeaning’

At one time, it was easy for Pamela Vernocchi to get a job — she’s worked at several large financial firms on Wall Street — until she got laid-off in 2008.

Since then Vernocchi has been on 30 job interviews and submitted around 4,000 resumes.

She’s still unemployed.

“Back in the day, I had to turn down jobs,” she said. “Things have changed. So many people are applying that they can be particular now.”

To support herself, Vernocchi picks up whatever jobs she can — walking dogs, taking care of cats — because recruiters tell her she’s “overqualified.” When things were good, she worked at some well-known firms in New York’s Financial District, including Lehman Brothers, yet no one will hire her now because she is no longer young.

“I’m 54. I don’t look 54, but I don’t look 24. When they ask questions, it’s obvious how old I am. A year ago, I was on an interview, and the guy said to me, “Why have you been out for so long?” …

via Former Lehman Worker Says Long-Term Unemployment Is ‘Demeaning’.

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• The Intractable Tragedy of Long-Term Unemployment – Derek Thompson – Business – The Atlantic (jobmarketmonitor.com)