Long-Term Unemployed Left Out of the Economic Recovery in USA

Long-Term Unemployed

For those left behind by the long, slow economic recovery, time is running out.

More than four years after the recession officially ended, 11.5 million Americans are unemployed, many of them for years.

Millions more have abandoned their job searches, hiding from the economic storm in school or turning to government programs for support.

A growing body of economic research suggests that the longer they remain on the sidelines, the less likely they will be to work again; for many, it may already be too late.

For economists, the key question is how many of the labor-force dropouts will return when the economy eventually rebounds more strongly. Above, job seekers wait in line to enter a job fair at a new Target retail store last month in San Francisco.

Getty Images – For economists, the key question is how many of the labor-force dropouts will return when the economy eventually rebounds more strongly. Above, job seekers wait in line to enter a job fair at a new Target retail store last month in San Francisco. 

Economic Recovery

By most conventional measures, the U.S. economy is healing, albeit slowly.

Gross domestic product grew at a 2.5% rate in the second quarter of the year, the government said last week, the best pace since last fall.

Payroll figures, due Friday, will likely show that hiring held steady in August.

The housing market is rebounding, corporate profits are strong, and households are repairing their balance sheets.

By  BEN CASSELMAN (Wall Street Journal) Full story – click here

Long-Term Unemployment Conference 2014

This conference will address the causes of long term unemployment and what can be done for these at risk groups of disability, mature age, youth, indigenous and regional unemployed. The conference aims to focus on Building Capability to successfully tackle long-term unemployment and how to create employment for the future. The conference will feature keynotes and over 50 selected presentations on research, policy, programs and case studies on long-term unemployment risk groups

A national conference focusing on at risk groups for Long-Term Unemployment | Mature Age | Youth | Indigenous | Disability | Regional |

18-19 August 2014, QT Hotel Surfers Paradise

URL: www.longtermunemployment.org.au  Ph: (61 7) 5502 2068

An initiative of the Australian and New Zealand Mental Health Association, an incorporated non-government, not for profit organisation

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