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 results are consistent with the trends of long term unemployment rates provided by Eurostat and indicate that the positive contribution of the EA on the growth of E (the opposite for Germany, the Netherlands, and Portugal) is outside the realm of the explanatory variables--except for Germany, Portugal, and Spain, where X has a positive effect on E.