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Long-Term Unemployment
(redirected from Long-Term Unemployment Rate)

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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.


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An area that includes four South Side communities had a long-term unemployment rate among young people that was in the nation's worst 1 percent.
It stated: "The long-term unemployment rate now stands at 5.
Speaking to the Dallas Regional Chamber, a business group, he said the US economy was improving but "far from being out of the woods," as he expressed particular concern about long-term unemployment rates, which rose to record highs in March.
 
 
 
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