Job Market Monitor
Long-Term Unemployment
Long-Term Unemployment – Innovative approaches to tackle it
Innovative approaches to tackle long-term unemploymentLong-term unemployment remains a structural challenge for most OECD countries. Despite major efforts to address this issue, the efficiency and effectiveness of many existing active labour market policies are limited for jobseekers who face major vulnerabilities and have no ties to the labour market. Therefore, there is a need for … Continue reading
Covid and Long-Term Unemployment in UK – Eight design intervention principles
Long-term unemployment could hit 1.6 million in 2021-22 – a 600% increase and the highest since 1994. These are our estimates, based on Office for Budget Responsibility (OBR) scenarios for total unemployment. People become long-term unemployed when they have been out of work for 12 months and it scars individuals, families, and communities for years … Continue reading
Unemployment Benefits for Long-Term Unemployed in Germany – The “Hartz IV” reform has created at least one million additional jobs research finds
About 15 years ago, Germany implemented the Hartz labor market reforms. Since then German unemployment has dropped substantially (see Figure 1). The most controversial reform step was the so-called “Hartz IV” reform that reduced unemployment benefits for long-term unemployed. While macroeconomists agree that Hartz IV has reduced unemployment, there is no agreement by how much. … Continue reading
Long-Term Unemployment in Europe – Programme orientation matters
Skill deficits are a major bottleneck in sustainable activation of the long-term unemployed. Those managing to get back to work often end up in less complex and skill-intensive jobs and have fewer opportunities to develop their potential. Those long-term unemployed not successful in making a transition to work are likely to face even more severe … Continue reading
Long-Term Unemployed – A signal of lower motivation leading to lower hiring chances
Recent evidence from large-scale field experiments has shown that employers use job candidates’ unemployment duration as a sorting criterion. In the present study, we investigate the mechanisms underlying this pattern. To this end, we conduct a lab experiment in which participants make hiring decisions concerning fictitious job candidates with diverging unemployment durations. In addition, these … Continue reading
Eurozone – Why long-term unemployment is so high
Of the 19m jobless Europeans, more than half have not worked for the last year. And over 15% have not had a job for more than four years. Unsuprisingly, the problem is most severe in southern Europe where a protracted crisis pushed up overall unemployment, and with it long-term joblessness. But in contrast the number … Continue reading
US – More than one in ten unemployed in 2014 were jobless for 99 weeks or longer
Share of long-term unemployed reached a record high in 2010 The long-term unemployed are people who have been looking for work for 27 weeks or longer. After expanding for 3 consecutive years, the number of long-term unemployed reached a record high of 6.7 million—or 45.1 percent of the unemployed—in the second quarter of 2010. Since … Continue reading
US – Trends in long-term unemployment
The long-term unemployed are people who have been looking for work for 27 weeks or longer. After expanding for 3 consecutive years, the number of long-term unemployed reached a record high of 6.7 million—or 45.1 percent of the unemployed—in the second quarter of 2010. Since then, the number has gradually declined to 2.8 million (or … Continue reading
US – Long-Term Unemployed in March 2007 and March 2014
The recent recession and slow recovery led to a high rate of long-term unemployment, which is defined as being out of work for more than 26 consecutive weeks. That rate peaked at 4.3 percent in the second quarter of calendar year 2010 and has fallen considerably since then. It was 2.4 percent in March 2014 … Continue reading
Skills for Chicagoland’s Future – Tackling the problem of the long-term unemployed from a different angle
Marie Trzupek Lynch is tackling the problem of the long-term unemployed from a different angle as founding president and CEO of public-private partnership Skills for Chicagoland’s Future, an initiative backed by U.S. Commerce Secretary Penny Pritzker. Lynch has been working to prove the model since 2012 when she pivoted from predecessor Chicago Career Tech. That … Continue reading
UK – Long-term unemployed shouldn’t be treated as a different category when assessing the level of slack in the labour market research finds
The extent of labor market slack in the UK economy is an ongoing question given the recent unexpectedly rapid fall in the unemployment rate. In the latest data release for February–April, which is referred to as March 2014, it was 6.6 percent, down from 7.9 percent in May 2010 and 7.8 percent in March 2013. … Continue reading
US – Long-Term unemployment does not harden into structural unemployment finds the Economic Policy Institute (EPI)
This paper finds that regardless of duration, involuntary job loss leads to significant and long-lasting economic damage to individuals and their families. Specific findings on microeconomic scarring include: Excess unemployment during the Great Recession will likely lead to long-run wage losses just for displaced high-tenure workers (those who had the same job for more than … Continue reading
US Labor Secretary on Long-Term Unemployed – It keeps me up at night because their stories are so compelling
Perez said the plight of the long-term unemployed – or those without work for at least 27 weeks — is the one issue that has caused him to lose sleep. He has met with many such workers since becoming Labor Secretary about a year ago. “It keeps me up at night because their stories are … Continue reading
US – Misconceptions about long-term unemployment
Misconception: The problem isn’t really that bad At the time of writing, there were 3.2 million long-term unemployed in the U.S. accounting for 32.9 percent of the labor force. We mentioned earlier that this was historically high — even higher than peaks recorded following earlier economic crises — but the graph above should illustrate how … Continue reading
US – Long-term unemployment might be falling for the good reason
in the past six months, unemployment has fallen much faster than expected, from 6.7 to 6.1 percent. And as you can see above, 88 percent of that has been due to declining long-term unemployment. Chosen excerpts by Job Market Monitor. Read the whole story at The long-term unemployed might finally be getting jobs – The Washington Post. … Continue reading
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