FOX NEWS: Long-term unemployment is a phrase that has been repeated so often in the past few years that it is now part of the vernacular of the Great Recession — and rightly so.
The statistics are startling and show how systemic the problem is: almost 5 million people out of work long-term; almost half 50 years old or older; and only about 10% of those out of work for more than a year find jobs each month. The harsh truth is that as each day passes for long-term unemployed Americans, the bleaker are the chances that they will ever get back in the workforce.
In Washington, legislation has been proposed to help this group, but nothing has been passed. And while the press has covered the issue extensively, the national media’s grim reporting has had little impact. If you’re stranded on “unemployment island,” as one long-term unemployed person calls it, the chances of being rescued are depressingly slim… (more)
