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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
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Several experts point to a dangerous change in the nature of unemployment in this downturn. Heidi Shierholz of the Economic Policy Institute, says people are more likely to get stuck with unemployment now than at any time in the post war period. Andrew Stettner, deputy Director of the National Employment Law Project, says a larger share of the unemployed are not going to be able to go to the same line of work. They will need new skills, just like an auto worker in a permanently downsized industry would have to find new skills to make a product in the renewable energy field or health care. And the law as it currently stands does not help either. Because if an unmeployed worker looks for training or goes back to school he loses his unemployment benefits, something the Obama administration proposes to change. What this means is that many of the unemployed will end up as permanent job losers. Rob Valetta, an economist at the San Francisco Federal Reserve Bank says that throughout the the last 3 decades including good times, the unemployment pool is shifting towards permanent job losers. Lawrence Katz, a Harvard University economist, points out that once workers exhaust their unemployment benefits and don't get new training, they become disconnected to the labor market, and bascially end up on disability or become permanently unemployed. The statistics bear this out. In April 2009, 47.1% of the people collecting state unemployment insurance exhausted the usual 26 weeks of benefits without finding work, according to the Bureau of Laor Statistics, that is the highest rate on record. In December 2007, there were about 2 unemployed workers for every job opening, according to Labor Department data. In March 2009 there were five unemployed workers for every opening. Mark Beaupre, 49, of Providence, R.I. lost his $8 an hour manufacturing job an year ago, one of many manufacturing jobs he has held since the 1980's. His wife Cathy lost her customer service job a year ago. This couple who together made $50,000 a year, are now behind on their mortgage payments and have applied for food assistance. At a recent job fair in Providence he says three thousand people turned up and he could not even get into the parking lot.
Fragility of social cohesion in the U.S. with unemployment concentrated in the lower middle and working classes.
03/11/2009
Figures from the Center of Labor Market Studies of Northeastern University in Boston showing unemployment of 9% in the $40,000 to $50,000 annual household income group and going up to 31% at the lowest income group. Higher inequality as differences in education between lower income and higher income Americans grows. The problem of the long term unemployed is a serious one.
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
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Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
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Unemployment in the U.S. in 2008-2009
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In This Recession, More Men Are Losing Jobs
New York Times 03/14/2009
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Rising Unemployment in the U.S. in 2009.
01/31/2009
The number of people on unemployment benefits hit 5.56 million on March 14, according to the Labor Department, with 662,000 new claims filed since then.
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
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Hassett and Baker on the importance of German style work sharing programs and training with government help to address U.S. unemployment
06/06/2009
"Kurzarbeit" and work sharing helped Germany deal with stubborn unemployment in the last decade and after the 2008 financial crisis. France is already looking at cooperation between industry, unions an government to reduce unemployment by adopting some of the actions taken in Germany.
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
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Bayer: Pressure on Prices Has Bad Side Effects
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
German-Style Training for American Factory Workers
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French Attempt at German-Style Labor Reform Flounders
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The Human Disaster of Unemployment
New York Times 05/12/2012
The U.S. job vacancy rate with 3.5 million openings in Feb. 2012 and the high unemployment rate showing a mismatch of skills
06/06/2009
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The Next First (and Only) 100 Days
New York Times 12/10/2011
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The world economy: Wealth without workers, workers without wealth
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On Jobs, No Time for a Celebratory Beveridge
Wall Street Journal 04/11/2012
The incredible shrinking labor force - The Washington Post
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U.S. Faces Uphill Battle in Retraining the Jobless
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Why high unemployment in the U.S. is expected for 2010-2014
06/06/2009
Structural problems like a mismatch of skills between maufacturing and construction sectors worst hit since 2008 and growing sectors like healthcare is one problem. Geographic factors and difficulty selling homes in states like Michigan is another. The tighter credit from a return of banking sector losses from bad home equity loans that is expected in late 2010 will keep the recovery from taking hold keeping unemployment high. The economic uncertainty following repeated budget battles between political parties also affects business investment.
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90 Million Americans Not Working
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More Men in Prime Working Ages Don't Have Jobs
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New York Times 04/05/2012
Hiring Is Strong and Jobless Rate Declines to 6.1%
New York Times 07/03/2014
Fast structural shift from banking, autos and retail to health care, energy, government and education in the USA, makes equally rapid government assisted retraining and cost sharing enormously critical.
01/28/2009
Retraining will be critical to shift workers from downsizing to upsizing industries and fields of work. The danger is that a growing mismatch in qualifications and lack of a crisis mode in retraining efforts will leave large numbers of people permanently unemployed. The shift is ocurring with lightining speed. Would government sharing the initail cost of hiring and retrainng workers help as in the German example and the Harz reforms. See link.
Grouped Articles
New York Times 12/27/2011
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Help Wanted: Why That Sign's Bad
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Learning Labor Market Lessons from Germany
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The Last Holdouts Cast Their Lot With G.M.
New York Times 05/21/2009
The employment to population ratio for U.S. unemployment- 2011-2014
06/06/2009
The serious problem of the large number of long term unemployed persons in the U.S., very different from under any previous recession.
Grouped Articles
90 Million Americans Not Working
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Confronting Old Problem May Require a New Deal
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More Men in Prime Working Ages Don't Have Jobs
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Hiring Rises, but Number of Jobless Stays High
New York Times 04/04/2014
Why high unemployment and the high percentage of the long term unemployed is determining U.S. Federal Reserve interest rate policy in 2012-2014
01/27/2009
With 40% of the unemployed in the U.S. shown as long term unemployed, mismatch in skills and other structural problems with unemployment, the U.S. Federal Reserve policies of Fed chairman Bernanke are geared to addressing this problem.
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The mounting toll of joblessness on America.
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The emotional toll on parents and children is mounting with depression, mental illess, and struggle for basic necessities is showing up for the unemployed millions in America. The serious problem of the long term unemployed in the U.S., very different from any previous recession.
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Blanchflower and Posen call for the U.S. Federal Reserve to use wage growth as the best indicator of unemployment, after the misleading 288,000 jobs report of April 2014
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A renewed focus on the partcipation rate as the unemployment rate declines to 6.3% in April 2014. As this only counts people looking for work and many Americans have dropped out of the labor market because jobs they seek do not exist, the unemployment rate in this situation is misleading. Blanchford and Posen have written a paper on this and say the flat wage rate in March and April 2014 with no improvement in the participation rate provides a true picture of the large slack in the economy.
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Unemployment in the U.S. 2008-2009
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Unemployment and partime unemployment in the U.S. economy 2008 and beyond.
04/18/2008
How unemployment is shaping up and how the underutilization rate and partime employment is changing the picture of employment in the USA.
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Workers Get Fewer Hours, Deepening the Downturn
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Many Hispanics Are Hit Hard by Economic Slump
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Retail Losses Sap a Jobs Safety Net
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Labor Data Show Pain Across Economy
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Rising Unemployment in the U.S. in 2010.
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Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Labor Market Takes a Shot To the Gut
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Mystery for the White House: Where did the Jobs Go?
New York Times 07/19/2010
California's Building Bust Choking Off Jobs
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Job Crisis: Machines Over Manpower
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Wall Street Journal 08/06/2010
Rapid structural shifts in U.S. job openings and a mismatch that will require greater job retraining effort.
04/30/2009
JOLTS and COnference Board job openings figures shows 3 million job openings in February 2009, with mismatch in qualifications of candidates from industries losing jobs (finance, retail, construction) and industries gaining jobs (health care, education, government, accounting). Is the US market becoming less mobile?
Grouped Articles
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New York Times 02/08/2012
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Wall Street Journal 03/12/2012
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Help Wanted: Why That Sign's Bad
BusinessWeek 04/30/2009
Learning Labor Market Lessons from Germany
BusinessWeek 04/30/2009
High unemployment in the U.S. coexists with a shortage in specialized fields- 2011-2012
06/06/2009
Shortage of engineers, software developers and other specialized workers in the U.S. in 2011-2012. With the drop in housing prices applicants for openings are reluctant to relocate. Workers with special skills are harder to find.
Grouped Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Engineers in Short Supply as Some Sectors Try to Hire
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Piecing Together the Job-Picture Puzzle
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Bernanke Says Faster Growth Is Needed to Bolster Job Market
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Time Not on Side of the Jobless
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Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look
Wall Street Journal 09/07/2012
Danger of increasing numbers of permanently unemployed workers in the U.S.
04/30/2009
The serious problem of the large proportion of long term unemployed in the total number of unemployed persons in the U.S., with the figure higher than 40% in 2012. More than any downturn in the postwar period the present situation presents the danger of increasing numers of permanently unemployed workers. Retraining become a big issue as some industries like autos are permanently downsized, and others like healthcare and renewable energy which are growing will require retraining.
Grouped Articles
Jamie Dimon’s harried JPMorgan Chase pushes campaign for worker training - The Washington Post
Washington Post 01/03/2014
New York Times 04/05/2012
It's Still Bad for the Long Term Unemployed
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Yellen’s Not on Team Krueger When it Comes to Inflation and the Unemployed
Wall Street Journal 04/16/2014
Falling Unemployment Doesn't Rate for Fed
Wall Street Journal 07/05/2014
Elevated Level of Part-Time Employment: Post-Recession Norm?
Wall Street Journal 11/13/2014
The dangers of high unemployment in the American economy.
06/06/2009
WIth job losses of 467,000 in June 2009, Krugman sees a joblosses hole of 8.5 million jobs since the last recession. The 3 1/2 million jobs the stimulus is supposed to create by 2010 end fade in comparison to the scale of job loss that is emerging. With declining earnings, there is the additional prospect of deflation.
Linked Articles
New York Times 07/03/2009
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The labor underutillizzation rate may hit 10% in 2010. This is the number to watch because of deepseated changes in the labor markets.
03/09/2009
This raises a number of questions about the economic recovery and calls for new initiatives in retraining and government assistance for companies to hire and retrain.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Jobless Scars Will Outlast the Recession
Wall Street Journal 03/09/2009
The rapid structural shift in employment to new industries and fields may create high unemployment even as millions of vacancies go unfilled.
04/30/2009
The Labor Departments JOLT statistics for job openings shows over 3 million job vacancies. The reason for this is the mismatch in qualifications and the speed with which industries are downsizing, and the shift to new industries and fields away from banking, retail, construction and autos. This makes new initiatives in retraining and government cost sharing to enable companies to hire and retrain super critical. Germany has some initiatives lkke this.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
Help Wanted: Why That Sign's Bad
BusinessWeek 04/30/2009
The huge downsizing in the auto industry creates the need for big government supported initatives in retraining.
05/21/2009
Vicotr Brown and the 60,000 former workers at GM's BUick City have worked at GM all their lives, and can't imagine anything else. How does one get them from joining the ranks of the permanently unemployed, is a challenge for the government. THe labor underutilization rate expected to reach 20% for 2010, could threaten the economic recovery, and put everything at risk.
Linked Articles
Stuck at Unemployed: When A Layoff Becomes a Lifestyle
Washington Post 06/06/2009
The Last Holdouts Cast Their Lot With G.M.
New York Times 05/21/2009
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