The long, grim struggle for the long-term unemployed

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SFGate.com: As of August 2014  three million Americans had been unemployed for more than six months. Over two million have been unemployed for more than a year.
The only incremental improvement: the percentage of those out of work and looking for the past six months or more has declined, from 46% of the total unemployed in 2010, to 33 percent now.  In California (excepting the Bay Area’s bubble economy) the percentage is closer to 40 percent.

The plight of the long term unemployed —  highest in the 45-59 age group  – remains “among the most persistent, negative effects of the Great Recession.” In percentage terms, it’s still the highest since the Great Depression, says the John J Heldrich Center for Workforce Development at Rutgers University in a report published today.
workforce
The long-lasting trend indicates ”that the ranks of the long-term unemployed may remain high for months or years even if the economy continues to improve,” says the report based on a survey of 852 employed and unemployed workers between July 21 and August 3.

Close to half of those who have found jobs are being paid less, working part-time, or otherwise experiencing “a step down” from their job 5 years ago.
Their living standards, and feelings about the present and the future, are very much in line with earlier findings on the mood of American workers.
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surfercajun
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surfercajun

I can only image what this does to men alone trying to find jobs to support their families or even young men wanting to work. I look cautiously at my oldest son (15) and wonder what issues he may face. He already wants to look for work. I carefully weigh out my words as tell him as my father told me…. there will always be a time for work…but I honestly wonder now it has been some years that my father has past, what would he say to all of this?
But then again, he had always made his own way.

josephbc69
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An excellent article, DCG, to which I’ll share this from my life. I am 71, started my self-employment w/my first gardening business in the Oakland-East Bay area of California in 1963, age 19.5 yrs, and now in business for 51 years. Having lived through four recessions during that time, this is the very worst it has ever been. Everything that my father [b. 1905] taught me about his life in the Great Depression applies to today, as we live through what Doug Casey calls the “Greater Depression”. When I read above that “The only incremental improvement: the percentage of those… Read more »

Dr. Eowyn
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Little did all the millions of Useful Idiots who voted for the POS know the real meaning of his “Hope and Change” snake oil. An example: Former Bush speechwriter Peggy Noonan who really should have known better, was all gaga about the POS in 2008. After his first term, Noonan was no longer gaga. The latest is her op/ed for the Wall St. Journal, “The Unwisdom of Barack Obama.” https://online.wsj.com/articles/the-unwisdom-of-barack-obama-1411076703 Too late, Noonan. I hold you, among many other so-called “opinion leaders” (David Brooks is another example), directly responsible for the dire straits in which the long-term unemployed find themselves.… Read more »