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U.S. Job Rebound Misses Those Looking Longest

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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 01:23 PM
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U.S. Job Rebound Misses Those Looking Longest

(Bloomberg) Americans out of work more than six months have barely benefited from the longest decline in the countrys unemployment rate since 1994.

The CHART OF THE DAY compares the percentage of the U.S. labor force in this situation with the comparable figure for those unemployed fewer than six months, according to data compiled by the Labor Department.

While the jobless rate dropped for the fourth consecutive month in March, the number of people going more than six months without work rose to 6.12 million. Thats more than four times the average since 1970, the period covered in the chart.

Those who exceeded the six-month threshold account for only 13 percent of the drop in unemployment since December, when the rate started shrinking. Their number fell by 206,000 as people out of work for shorter periods tumbled by 1.36 million. ........(more)

The complete piece is at: http://www.bloomberg.com/news/2011-04-04/u-s-job-reboun...



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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 01:24 PM
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1. recommend
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 01:59 PM
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2. duplicate
Edited on Mon Apr-04-11 02:00 PM by midnight
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midnight Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 02:00 PM
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3.  Main street needs full employment policies.... this jobless recovery policy is for the Koch class.
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-04-11 04:48 PM
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4. OF COURSE this supposed rebound is missing people who
have been out of work the longest.

Many Employers are Refusing to even consider anyone who doesn't already have a job.

Many Other Employers are actively discriminating against anyone who has been out of work for more than 6 months, or more than 1 year, believing that there must be something wrong with you if you haven't found a job somewhere in that much time, so they don't want to be the one that touches you.

Until companies understand that people have been left out of the job market, and need to be brought back in, millions of people are looking at being permanently unemployed because of this prejudice.
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