Number of the Week: Low Odds Long-Term Unemployed Will Find Work

This month? TRY EVER! Sorry a little fired up this morning.

stillnutty wrote:This month? TRY EVER! Sorry a little fired up this morning.

I know what you mean nutty!

This is the word of the Wall Street Journal, the Gospel according to the crowd that took billions of dollars in Federal bailout money and just got caught spending a significant part of it on $10.000 a night whores, so I reckon the long term unemployed are toast. Well, I've said it before, here it goes again, We've been told that the recession enden in June 2009. It's now been over 2 years, & by historical standards, anybody that's been looking for work should be able to find work by now.
Now either that was an outright lie, of there's a bigtime fraud going on. By fraud I mean, that the high unemployment is being manipulated by corporate America, and Wall Street is the source of the money. Which is it? One thing for sure, this will definitely continue as long as the unemployed remain silent.

I am a long term unemployed female; two years; I am 45 and I just accepted a full-time permanent position in my career field at one of the top employers in my city on Monday. I did my health assessment on Friday and I have orientation on August 1st and I will start work on August 2nd. Please don't give up hope!

Well, there are different factors that go into this. For the purpose of this article they probably just took the amount of weeks that someone has been out of work and compared that to the amount of time spent working and not working. However, there are more jobs to apply for now than there has been in the last two years. They aren't good jobs and most pay barely above minimum wage. Two years ago even that wasn't there. So in this aspect your chances are better than they have been since the recession started. It depends on how you look at things. Things are great, or even good, but they are better. This week I found 5 starbucks that were hiring, none called me back, but last year there was no one hiring.
Just try and keep your head up.

I hope you keep your new job mscpateach. I have had my hopes set up so high many times, since 2004. Only to loose those new jobs. I hope you will never forget on how to it was and treat others looking for jobs with total respect. Congratulations and hope more will get hired.

Don't give up. The length of your Unemployment does not tell how good a worker is. Is it just getting the right calling, You never know who will call or when. That is the part the drives us inane.

DesperateInRI wrote:

One in Ten: Odds that a person who has been out of work for more than 27 weeks will find a job this month.

Even in good times, the likelihood of finding a new job falls the longer one is out of work. These are not good times. Job-finding rates for all unemployed workers, though inching up from recession lows, remain low by historical standards.

http://blogs.wsj.com/economics/2011/07/23/number-of-the-week-low-odds-long-term-unemployed-will-find-work/?mod=wsj_share_twitter

This statement is flawed. In good times, you wouldn't have this many workers unemployed for this long! Of course, companies, with their heads up their butts, don't or won't take into consideration the fact that millions of good, talented, hard working, and responsible people are out of work due to a broken economy, and NOT because of anything that they did!

They have been trying to use this as an excuse now for years. Big companies have realized that they are more profitable if they keep their payrolls low and work fewer employees to death so they justify not hiring the unemployed by saying that only the bad employees were laid off. If this is repeated enough then people start to believe that the people laid off are unemployable, that they are bad workers not deserving of a job.

I know for a fact that not all the unemployed people were bad employees because I did not get laid off or fired...I quit in June 2009 because I had a bad boss who treated me bad and I worked for an organization that knew about her bad behavior but couldn't get anyone to do the work that she did for the price that she settled for...basically they supported her bad behavior and so I chose to leave. That is how I became unemployed. Now almost two years later (I've been working contractual positions since April 2011), a masters degree and a professional certification pending, I'm blessed to be starting a full time job on Monday paying more than I made on my last job...and I don't have to supervise anyone.lol

That's great to hear! I am glad have something, I hope it works out for you!