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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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