The Terrifying Reality of Long-Term Unemployment

The Terrifying Reality of Long-Term Unemployment

This article uncovers the dangerous effects of long-term unemployment, or people who have been out of work for more than 6 months. It goes on to say that, according to the Beveridge curve, job openings and unemployment should have a stable relationship. This happens if the structure isn't broken, and we are currently seeing this in all sectors of the unemployment, except for those that have been unemployed for more than six months. This is a sign of structural unemployment and something needs to be done about it. This shows that job training will not be able to fix this, and that companies value people who have kept up with their skills. The article suggests some solutions, the best one being that the government needs to take it upon themselves to hire those who have been out of work for long periods of time. This is a problem that needs dealt with or else this could permanently effect our production.