Janice Pratt came here in the 1980s for the booming local economy, but now the city’s unemployment rate is 9 percent. She hasn’t had steady work since 2008 when she lost her job with a tech company after a lengthy marketing career.
Pratt fears the mere fact that she is unemployed is hurting her chances of landing a job, both because employers don’t want to hire the jobless and because she’s losing her confidence.
“With every interview I can usually rev myself up pretty good, but now, I’m a nervous wreck usually,” Pratt said in an interview (during which she was all poise and no nerves).
She doesn’t tell her friends when she lands an interview to soften the letdown if she doesn’t get the job. “My husband will be the only one I’ll tell. It’s too embarrassing,” she said. “If I blow it, then it’s just me and my husband, and I’ll get over it.”
Lost confidence is a major problem for the roughly 5 million Americans facing long-term unemployment. The government has encouraged state and local officials to set up “job clubs” where peer-to-peer support and grief counseling help jobseekers overcome the anxiety of joblessness. (New Jersey recently launched a statewide job clubs initiative.)…
Of the 12.5 million unemployed people in the United States, over 5 million have not been able to land a job for 27 weeks or longer, putting them in the ranks of the long-term unemployed. Worse still chances of them getting a job anytime soon are also fast fading. Not only are the long-term unemployed … Continue reading »
What is often buried in the monthly unemployment numbers provided each month by the Bureau of Labor Statistics, is an understanding of the psychologically traumatic experience of involuntary job loss and ongoing unemployment. I argue that this experience is critical to understand because it can inform how hiring managers, human resource professionals, and small business … Continue reading »
The analysts pore over the numbers every month, the full menagerie of economic indicators. President Obama and Mitt Romney trade barbs over who is at fault for a sluggish recovery. But here, in a region with one of the highest unemployment rates in the country, other numbers often loom larger. There are the roughly … Continue reading »
Our persistently high unemployment rate is not only bad for the economy, it’s bad for our bodies and souls as well. Unemployment wears down the unemployed both mentally and physically. But high unemployment also hurts those with jobs, as some workers worry endlessly (and not without justification) that they too could be let go at … Continue reading »
…Between 2008 and 2011, $174 billion in unemployment taxes was collected while $450 billion was paid out in benefits, a gap of $276 billion. Thirty-four states blew through their unemployment insurance trust funds and borrowed from Washington — and 22 of those still owe the feds a total of more than $30 billion, according to … Continue reading »
At first, the headhunter told her she was a great match, but when he realized she had been out of work for a full year (and not newly unemployed as he had mistakenly assumed), he changed his tune. Company criteria ruled out applicants who had been unemployed for more than six months, he told her. … Continue reading »
Jobless benefits are phasing out this year for about 1 million long-term unemployed Americans as the federal government reels in Great Recession lifelines that provided unemployment checks for as long as 99 weeks in many states. By year’s end, another 2 million will see their checks cut off, because extended unemployment benefits will end beyond … Continue reading »
The failed neo-liberal British government is following the path that the conservatives followed in Australia in attempting to “manage” the unemployment that their flawed policy regime created… The scenario is this: 1. British government introduces austerity policies which deliberately create unemployment. Jobs vanish because aggregate demand contracts. People stop spending and firms stop investing because … Continue reading »
The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading »