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Average Length of Unemployment Reaches High

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Post by Guest Mon Mar 07, 2011 1:39 pm

You might be scratching your head right now. Why is the typical spell of unemployment getting longer, even though companies are finally adding jobs?

A few factors are probably responsible.

The first thing to consider is that there is some inertia to unemployment, for a whole host of complicated reasons like prejudice against idle workers. People who have been out of work for a year are much less likely to find a job in the coming month than people who have been out of work for just a month.

Average Length of Unemployment Reaches High Econom10

http://economix.blogs.nytimes.com/2011/03/04/average-length-of-unemployment-reaches-high-of-37-1-weeks/

pouty

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Post by Jobless_in_Ma Mon Mar 07, 2011 5:18 pm

Until companies stop discriminating against those who have lost their jobs I can only see it to continue to climb.
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