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.
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References in periodicals archive ?
In Greece, where around a quarter of the population is jobless, the long term unemployment rate stands at over 18 percent -- a far cry from the 1.5 percent rate in the United Kingdom and Sweden.
One of the types of unemployment with severe consequences on society, especially when its rate is high, is long term unemployment, a component of structural unemployment, linked to an unemployment period of over one year, according to the European Union.
With thousands of young adults in Wales facing long term unemployment, the emotional toll and loss of their potential is tragic.
These disparities will lead to long term unemployment in the develop countries or even permanently, which will create social tensions, a larger disparity between small and big wages and a decrease in the life standards at country level.
"These figures show that large numbers of people previously at risk of long term unemployment are finding a job and staying in work."
The long term unemployment rate went up by 0.4 percentage points and reached 6.8% in the fourth quarter of 2012.
She said: "Long term unemployment comprises a disparate group of people who often exhibit a wide variety of problems and issues that have prevented them from finding employment.
The report branded long term unemployment "the hidden crisis" as another 800 jobs were lost across the country on Wednesday.
Rudolph, Helmut (2001) "Profiling as an instrument for early identification of people at risk of long term unemployment".
LONG term unemployment has risen sharply in parts of the North East, according to new figures.
Employment Minister Chris Grayling said: "These figures explode themyth that long term unemployment was effectively cracked by the previous Government and that it's only the recession which is responsible for people struggling to get into work.
"We need to make sure young people do not suffer the scarring effects of long term unemployment."