Long-Term Unemployment

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Long-Term Unemployment

The lack of work for an extended period of time, often defined as six months or longer. Long-term unemployment can be extremely harmful to the unemployed person because he/she may lose eligibility for certain government benefits if he/she has been out of work for too long. Likewise, significant long-term unemployment can create a vicious cycle for the economy at large: the skill set of the long-term unemployed workers may languish or even become obsolete in some industries, which makes it more difficult for them to find work when employers begin to hire again.
References in periodicals archive ?
The long term unemployment rate started to decline in the first quarter of 2014 but remains high in the first quarter of 2015, at almost 5% of the labour force.
THE long term unemployment rate in Northern Ireland has risen by just over 10 per cent in the past year, it was announced yesterday.