« "Some of his language and conduct is quite un-Christian" | Main | An Interview with Monade's Laetitia Sadier »

Nation's long-term jobless rate is highest since World War II

After receiving horrible approval numbers in a recent CNN poll, this can't be good news for Cap'n Pigfucker:

From The New York Times

After three years of unemployment, Allen Gruenhut finally landed a job as director of human resources for a company in the stone business on Long Island. His age, 53, worked against him in his long hunt for work, he contends, and so did the six-figure salary he earned at his previous job, in banking.

"They would not take me seriously at job interviews when I said I would be happy with a lower salary," Gruenhut said.

Jackie Ellenwood, 31, is still without a job. She had worked for three travel agencies over 13 years, until her last job, in Allen Park, Mich., ended in a layoff nine months ago. The industry is shrinking in response to more Internet bookings and cutbacks in corporate travel, so Ellenwood is looking for work elsewhere and studying to become a nurse.

The experiences of Gruenhut and Ellenwood help explain why many of the nation's unemployed are still struggling to get back to work. Not since World War II has the percentage of long-term joblessness -- the unemployed out of work for six months or more -- been so high for so long after a recession has ended.

The current trouble falls most heavily on people trapped by the shifting sands of the economy. Today, the unemployment rate is relatively low, at 5.2 percent, and overall hiring has started to pick up again, particularly for younger workers coming out of college and professional schools. But the presence of middle-aged women and better-educated white-collar workers among the long-term unemployed has increased.

"There are just not new jobs being created in the things these people did before," said Andrew Stettner, a policy analyst at the National Employment Law Project and co-author of a study of long-term unemployment. "We are firing fewer people than we did in 2001 and 2002, but we are not hiring many people either, and that cuts off the exit route out of unemployment."

The baby-boomer bulge working its way through the labor force also plays a role. As this large group of workers ages, it becomes harder for some who lose their jobs to find new work suited to their skills. And the bursting of the high-tech bubble stranded thousands of workers who are finding it difficult to shift quickly to other fields.

Structural changes in the economy and productivity improvements, reflecting the ability of companies to achieve higher output with fewer or the same number of workers, mean that even growing businesses no longer need to dip as much into the pool of displaced workers.

Comments

In fact, some people kill for a the designers or those who already the rounds of thrift shops. Undoubtedly much value is in an authentic Gucci Bags, or 15 years or 15 minutes old.Gucci Louis VuittonGucci Shoes and Louis Vuitton Shoes started with a small luggage and saddlery company in Florence, where they sell leather that are produced exclusively by artisans of Florence. The entitlement to seek international supportCustomer opens Discount Gucci Handbags Louis Vuitton Handbags i another company, this time in Via Condotti in Rome. Although very popular with Consumers, it was not until 1947 that the first Gucci UK and Louis Vuitton UK reached icon the state with the bag until you have a bamboo handle. The bag was introduced by Gucci Bags Discount, was a great success with the icon of the Gucci Shoulder Bag and Louis Vuitton BagBelt lines deriv>ed from the circle. The symbol LV of the tape strips is so special Louis Vuitton Outlet and so identified with Gucci products, whetherBags or clothing that has been done in a Brand .Another symbol of Gucci Purses and Louis Wallet was introduced some years after LV UK Moccasin handbag with metal spikes.Gucci Handbags Sale.fix it
Make tracks to the nearest lodge in this Columbia Sportswear alpine-inspired zip up Columbia Shoesfeatures the cozy look of a sweater outside and the comfort of soft fleece inside Columbia FEATURES No need to dodge raindropsOmni-ShieldColumbia Mens Shoes water-repellent finishColumbia Sportswear Clothing offers great protection from the elements Columbia Sportswear OutletFlattering seaming at the waist and front slant pockets Shaped fit Made of 100 polyester Heritage sweater fleece Omni-Shield advanced repellency Front slant pocketsColumbia Sportswear Parka Columbia Jackets ALPINE TRAX FULL ZIP Columbia Hiking Shoes Columbia Clothingsweaters Columbia Sportswear Jackets full zip jackets women s sweater Columbia Sportswear Titanium Columbia Sportswear Sale
ed hardy
Wedding Dresses

Links Of London
Lace Wigs.
ugg boots
ed hardy

I've managed to save up roughly $20843 in my bank account, but I'm not sure if I should buy a house or not. Do you think the market is stable or do you think that home prices will decrease by a lot?

Post a comment

Verification (needed to reduce spam): Can't read the above words? Click the circular arrows for a new anti-spam test.

FREEdubya on Twitter FREEdubya on Hype Machine
FREEdubya on Facebook Subscribe to FREEdubya
Happy Hours and Events

W-Burg Guides







Archives


March 2010February 2010January 2010December 2009November 2009October 2009September 2009August 2009July 2009June 2009May 2009April 2009March 2009February 2009January 2009December 2008November 2008October 2008September 2008August 2008July 2008June 2008May 2008April 2008March 2008February 2008January 2008December 2007November 2007October 2007September 2007August 2007July 2007June 2007May 2007April 2007March 2007February 2007January 2007December 2006November 2006October 2006September 2006August 2006July 2006June 2006May 2006April 2006March 2006February 2006January 2006December 2005November 2005October 2005September 2005August 2005July 2005June 2005May 2005April 2005March 2005February 2005January 2005December 2004November 2004October 2004September 2004August 2004July 2004June 2004Nov. 1998 - May 2004


Hype Machine Music Widget MP3 Blogs


Our Books


Williamsburg & Brooklyn Links


New York and Williamsburg Apartment Listings


Music


Peeps We Like



Interviews



CONTACT US:
mail | at | freewilliamsburg.com

Advertise With Us

MASTHEAD:

Founding Editor:
Robert Lanham

Senior Editor:
Brian Ries

Senior Music Editor:
Nicole Wasilewicz

Foreign Correspondent:
Lisa Baldini

Senior Food/Bars Editor:
Nick Mosquera

Senior Film Editor:
Dave Thomas

Senior Photo Editor:
Clarissa Roudabush

Writers:
David Bernstein
Elizabeth Brady
Scott Lachut
Lauren Mooney
Travis Mushett
Andrew Ritchie
Jackie Snow
Lola Wakefield

About FREEwilliamsburg




Add me to your
mailing list



Powered by
Movable Type 3.2




Advertise on New York blogs

blogads-blog-button3.png



Advertise With
FREEwilliamsburg