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For Unemployed, Wait for New Work Grows Longer [View All]

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Rose Siding Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-08-05 02:29 PM
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For Unemployed, Wait for New Work Grows Longer
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Ms. Quitiaquez, 50, is one of about 3.6 million American workers who ran out of unemployment insurance benefits last year, the most in at least three decades, said Isaac Shapiro, a senior fellow at the Center on Budget and Policy Priorities, a research and advocacy group that supports extending unemployment benefits.

Even as overall unemployment dropped last year, the share of unemployed workers who have been jobless for more than six months - the point at which most state benefits run out - has remained historically high. As of November, about 1.8 million, or one in five, unemployed workers were jobless for more than six months, compared with 1.1 million when the recession officially ended in November 2001.

Since the start of the recession in March 2001, the average length of unemployment has risen to 20 weeks from 13.

"Usually at this point in a recovery, job creation is skyrocketing, but so far that hasn't happened," said Kevin A. Hassett, economic director at the American Enterprise Institute for Public Policy Research, a conservative organization. "It's not a partisan issue, it's a fact. The labor market is worse than in the typical recovery."

http://www.nytimes.com/2005/01/09/national/09jobless.html?hp&ex=1105246800&en=81e31d35b55beb8c&ei=5094&partner=homepage
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