This article is about a survey conducted by Rutgers University which talks about how more than twenty percent of those people who were laid off in the last five years are unable to find a job. Moreover, amongst those who did, forty-four percent said the new job came with a pay cut and the remainder reported that the new job had a drop in status.
The survey furthermore showed that the workers were highly pessimistic towards employment opportunities both currently as well as in the future. Thirty-six percent said that the economy will never recover from the recession.
The survey was carried out with 1,153 workers, about a quarter of whom were
unemployed for more than six months.The survey came up with a demographic for the typical long term unemployed individual, which is : "a white male with a
high school degree from the South who makes less than $30,000 a year."
Title Link - http://money.cnn.com/2014/09/22/news/economy/long-term-umemployment-survey/index.html?iid=SF_E_River
It is difficult for many people who have been out of work for awhile to find jobs again. Their absence from the workforce has dulled their skills in most employers eyes. That coupled with the fact that younger workers can be found, with the same relative skill level and a longer span of being at work, it is very difficult for them to follow jobs.
ReplyDeleteIn class, we learned that individuals who have been out of work for 15 weeks or more comprise roughly 70% of all unemployed persons. From this statistic, it is evident that the longer one is unemployed, the more challenging it is to find employment. The pessimism among those surveyed is very concerning. Discouraged and frustrated, these individuals may give up actively seeking work. As a result, they are moved from the “unemployed” to “not in the labor force” category, thereby decreasing the unemployment rate. The decrease, however, would be misleading.
ReplyDeleteYes I agree with the fact that the number of discouraged workers will be agreed which will lead to a decrease in the unemployment rate which is highly misleading. However, the article talks about how one out of five people were unable to find a job and the fact that people are having trouble finding employment can not be ignored.
ReplyDeleteIf one is out of a job for 5 years or so it would be hard to get back in the routine and hard to be motivated to go out and find a job that pertains to your degree or liking. Especially with people who do not have a college degree their chances of finding a job is very slim because their skills are very very limited in what they can do.
ReplyDeleteA once polished worker who loses his or her job for a period as long as five years will definitely diminish their skill sets. The longer one is out of work the harder it is to find a job. This being said, the skills once learned in college are not regularly practiced or updated therefore employers will look for someone who is fresher. Skills aren't the only negative issue but even the motivation to look for a single, well-paying job for five years takes a toll on anyone. Imagine looking for a job for five long aching years. These unemployed persons need to separate themselves from the pack by obtaining a more advanced degree or they will have to accept a far less paying job.
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