Unemployment – Waiting doesn’t bring better outcomes

In some things, waiting brings better outcomes. We’ve all learned that it’s better to spend more time searching at the buffet line before making a decision. Otherwise, you end up with a plate full of wontons and miss out on the crab legs at the end. Or perhaps it’s better to wait for the next shipment of sports cars instead of taking the last one on the lot—in a jarring lime-green. Searching for a job, in general, does not follow this rule. The longer a worker is unemployed, the lower his chance of finding another job.

Chosen excerpts by Job Market Monitor. Read the whole story at Why Length of Unemployment Affects Finding a Job