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November 2011 Addendum: A Year or More: The High Cost of Long-Term Unemployment

November 2011 Addendum: A Year or More: The High Cost of Long-Term Unemployment
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Quick Summary

In the third quarter of  2011, approximately 31.8 percent of the  nearly 14 million Americans who were  unemployed had been jobless for a year or more. 
The challenge of long-term unemployment has persisted over the last year, even as the overall unemployment rate has improved somewhat. A Year or More: The High Cost of Long-Term Unemployment, a report released by the Pew Fiscal Analysis Initiative in April 2010, found that in December 2009, 23 percent of the 14.7 million unemployed had been out of work for a year or longer. 
Date:
November 30, 2011
Project:
Fiscal Federalism Initiative
Issues:
Unemployment

Related RESEARCH & ANALYSIS

PCS.PRODUCTION.1.20140221.1210 (PEWSUWVMWAPP02)