Job Market Monitor
Long-Term
Lost jobs aren’t coming back and new skills are needed
Do we expect the jobs that resulted from the housing boom to once again come to the rescue of low-wage Americans? The run-up in home prices that triggered the jump in construction and local spending was relatively short-lived, and home prices have returned to the levels where one might expect them to be, based on … Continue reading
Long-Term Unemployed – Hard Times: Lost on Long Island
Starting in summer 2010, when many hoped an era of recovery would begin, and continuing through the holiday season six months later, HARD TIMES: LOST ON LONG ISLAND spotlights the challenges facing highly skilled, well-educated Long Islanders who lost their jobs. Public relations professional Anne Strauss notes, “Being unemployed for two years is not just … Continue reading
UK Long term youth unemployment up 874% in 12yrs says TUC Report
The number of young people who have been unemployed for more than a year since 2000 has increased by an enormous 874 per cent (from 6,260 to 60,955), going up by 264 per cent in the last year alone. In comparison, on average across all working age groups, long-term unemployment has risen by 50 per … Continue reading
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 … Continue reading
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