The long-term unemployed are still struggling to find work
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
FiveThirtyEight's Ben Casselman points to the fact that the job-finding rate is increasing for the short-term unemployed, but not the long-term:
How come? One factor is the poor health of the long-term unemployed. As I pointed out last week, obese Americans are more likely to be unemployed longer. Being out of work, particularly for the long-term unemployed, can itself make someone more likely to become obese. And unemployment can cause depression, another factor that makes obesity likelier. Another factor is that skills corrode as a result of long-term unemployment. This means employers are more hesitant to employ someone who has become long-term unemployed.
And this is the disaster of the post-2008 economy — with unemployment having risen so much during the recession, plus a slow recovery, lots of people have been thrown onto the scrap heap. And they're struggling to climb off.
Article continues belowThe Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
What this means is that solving the problem of long-term unemployment is tricky, and requires addressing the additional matters of health problems, as well as loss of skills.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.