Long Term Unemployed Surges to Post-Pandemic High

[citygator]

Grim news regardless of your party preference. Employment is the temperature gauge of the nation’s economy. The number of unemployed people looking for work more than six months has surged to its highest level since the pandemic. Basically these are people put out of work during Trump’s first few months and still are not employed.

Nice job Trump.

Why a surge in long-term unemployed workers is ringing alarm bells

The number of unemployed people looking for work more than six months has surged to its highest level since 2021.

www.cbsnews.com

As of August, the number of long-term unemployed people had risen to 1.9 million, according to government data — the highest level since 2021, when the nation was still reeling from the pandemic.

With the job market faltering in recent months as employers put the brakes on hiring, more workers are being sidelined for months on end, economists told CBS News.

"We're continuing to see this low-hire, low-fire environment," said Laura Ullrich, Indeed's director of economic research for North America and a former official at the Federal Reserve Bank of Richmond. "There aren't really new jobs being opened up for people — there isn't room for new people to come in."

A CBS News poll released Thursday captures the dimming view many Americans have of the labor market, with 33% of respondents describing it as "good," down from 41% in April. What's more, 48% said they think there are fewer good jobs where they live compared to five years ago.

 

[Anomalism]

Anybody that's been unemployed for more than 6 months is not looking for work. I could land myself 10 jobs in a week if I wanted.

 

[MarathonMike]

Probably ex-gubmint workers waiting for their employment counselors to find them a job.

 

[progressive hunter]

Grim news regardless of your party preference. Employment is the temperature gauge of the nation’s economy. The number of unemployed people looking for work more than six months has surged to its highest level since the pandemic. Basically these are people put out of work during Trump’s first few months and still are not employed.

Nice job Trump.

Why a surge in long-term unemployed workers is ringing alarm bells

The number of unemployed people looking for work more than six months has surged to its highest level since 2021.

www.cbsnews.com

As of August, the number of long-term unemployed people had risen to 1.9 million, according to government data — the highest level since 2021, when the nation was still reeling from the pandemic.

With the job market faltering in recent months as employers put the brakes on hiring, more workers are being sidelined for months on end, economists told CBS News.

"We're continuing to see this low-hire, low-fire environment," said Laura Ullrich, Indeed's director of economic research for North America and a former official at the Federal Reserve Bank of Richmond. "There aren't really new jobs being opened up for people — there isn't room for new people to come in."

A CBS News poll released Thursday captures the dimming view many Americans have of the labor market, with 33% of respondents describing it as "good," down from 41% in April. What's more, 48% said they think there are fewer good jobs where they live compared to five years ago.

fast food is always hiring so here no excuse to be unemployed,,

 

[Anomalism]

fast food is always hiring so here no excuse to be unemployed,,

Corrections is a stable recession proof career with a pension and amazing insurance. Pays the same as cops. They take anybody. They are DESPERATE for officers. Just about anybody, even somebody in bad health, could drive to any prison tomorrow and be getting paid inside a week.

Beats the hell out of 12 dollar an hour part time work at Taco Bell.

 

[Manonthestreet]

Grim news regardless of your party preference. Employment is the temperature gauge of the nation’s economy. The number of unemployed people looking for work more than six months has surged to its highest level since the pandemic. Basically these are people put out of work during Trump’s first few months and still are not employed.

Nice job Trump.

Why a surge in long-term unemployed workers is ringing alarm bells

The number of unemployed people looking for work more than six months has surged to its highest level since 2021.

www.cbsnews.com

As of August, the number of long-term unemployed people had risen to 1.9 million, according to government data — the highest level since 2021, when the nation was still reeling from the pandemic.

With the job market faltering in recent months as employers put the brakes on hiring, more workers are being sidelined for months on end, economists told CBS News.

"We're continuing to see this low-hire, low-fire environment," said Laura Ullrich, Indeed's director of economic research for North America and a former official at the Federal Reserve Bank of Richmond. "There aren't really new jobs being opened up for people — there isn't room for new people to come in."

A CBS News poll released Thursday captures the dimming view many Americans have of the labor market, with 33% of respondents describing it as "good," down from 41% in April. What's more, 48% said they think there are fewer good jobs where they live compared to five years ago.

Come on man Trump emptied out a whole car factory staffed by illegals so Americans could have a good paying job.

 

[martybegan]

Anybody that's been unemployed for more than 6 months is not looking for work. I could land myself 10 jobs in a week if I wanted.

Some people need to understand they won't find "their" job, the need to settle for "a" job.

I wonder how many of those long term unemployed have useless "studies" degrees and refuse to accept the fact they need to find an entry level job they feel is "beneath their dignity"

 

[Anomalism]

Some people need to understand they won't find "their" job, the need to settle for "a" job.

I wonder how many of those long term unemployed have useless "studies" degrees and refuse to accept the fact they need to find an entry level job they feel is "beneath their dignity"

Tough titties I guess. Free market doesn't care about their perceived dignity. Lol

 

[1srelluc]

Amazon is always hiring.

 

[martybegan]

Tough titties I guess. Free market doesn't care about their perceived dignity. Lol

The only thing that makes me pity them a bit is they did get sold a bullshit bill of goods that these degrees would mean something.

 

[1srelluc]

Oh, but look what the OP left out:

And while the nation's unemployment rate remains historically low, at 4.3%

That's called being disingenuous.

 

[Hafar1014]

Grim news regardless of your party preference. Employment is the temperature gauge of the nation’s economy. The number of unemployed people looking for work more than six months has surged to its highest level since the pandemic. Basically these are people put out of work during Trump’s first few months and still are not employed.

Nice job Trump.

Why a surge in long-term unemployed workers is ringing alarm bells

The number of unemployed people looking for work more than six months has surged to its highest level since 2021.

www.cbsnews.com

As of August, the number of long-term unemployed people had risen to 1.9 million, according to government data — the highest level since 2021, when the nation was still reeling from the pandemic.

With the job market faltering in recent months as employers put the brakes on hiring, more workers are being sidelined for months on end, economists told CBS News.

"We're continuing to see this low-hire, low-fire environment," said Laura Ullrich, Indeed's director of economic research for North America and a former official at the Federal Reserve Bank of Richmond. "There aren't really new jobs being opened up for people — there isn't room for new people to come in."

A CBS News poll released Thursday captures the dimming view many Americans have of the labor market, with 33% of respondents describing it as "good," down from 41% in April. What's more, 48% said they think there are fewer good jobs where they live compared to five years ago.

Its still the Biden economy

 

[citygator]

fast food is always hiring so here no excuse to be unemployed,,

Right wing logic. If there is bad news under Trump it is fake or actually good. If its bad news under Biden "ahhh, we're all going to die".

 

[citygator]

Some people need to understand they won't find "their" job, the need to settle for "a" job.

I wonder how many of those long term unemployed have useless "studies" degrees and refuse to accept the fact they need to find an entry level job they feel is "beneath their dignity"

Glad you asked McFly. It's 2.5% for bachelor degree holders and 6.7% for those without.

Let me know if there is anything else I can teach you on your path to becoming educated.

 

[progressive hunter]

Right wing logic. If there is bad news under Trump it is fake or actually good. If its bad news under Biden "ahhh, we're all going to die".

I have held the same view my whole life,,
to take it further,, end welfare and see how many people get jobs at taco bell

your TDS wont let you see anything but trump,,

 

[citygator]

I have held the same view my whole life,,
to take it further,, end welfare and see how many people get jobs at taco bell

your TDS wont let you see anything but trump,,

You dont even know what "welfare" is or who it goes to. My guess is that the most you've ever looked into it was a meme on stormfront.

 

[Lesh]

I have held the same view my whole life,,
to take it further,, end welfare and see how many people get jobs at taco bell

your TDS wont let you see anything but trump,,

Welfare ended decades ago

 

[martybegan]

Glad you asked McFly. It's 2.5% for bachelor degree holders and 6.7% for those without.

Let me know if there is anything else I can teach you on your path to becoming educated.

What about useless master's degrees?

And those don't show the "long term unemployment" which is what the thread is talking about.

 

[progressive hunter]

You dont even know what "welfare" is or who it goes to. My guess is that the most you've ever looked into it was a meme on stormfront.

you must be rich from your mind reading gig,, how you have time to comment here must be taxing on you,,

 

[citygator]

What about useless master's degrees?

And those don't show the "long term unemployment" which is what the thread is talking about.

BLS says 2.2%. You are on a roll. I have a professional degree at the master's level so 1.3%. Not bad for us smarties.

Education pays

Unemployment rates and earnings by educational attainment

www.bls.gov