On Friday, the jobless rate dropped to 5.5%, the lowest in seven years. But youth unemployment is rising – and some young people need all the help they can get
Continue reading US unemployment at lowest since 2008 – but young people still can’t find work
“I’ve been asking CEOs to give more long-term unemployed workers a fair shot at that new job and new chance to support their families,” President Barack Obama said in his State of the Union address. “This week, many will come to the White House to make that commitment real.”
More than 300 companies signed a pledge that they wouldn’t avoid hiring anyone just because of a long jobless spell. Studies have shown that long-term unemployment has become its own obstacle to getting hired. Continue reading Arthur Delaney: The White House Had A Plan To Help The Long-Term Jobless. How’s It Going?
By Ben Casselman
Mark, 22 and unemployed, sleeps late in the morning.
His roommate has to get up for work, but Mark has nowhere to be. He rolls out of bed at 11 a.m. He checks his email — still no response to his last round of resumes — and heads out for a run. When he gets home, he spends 45 minutes filling out job applications, then plops down in front of the television for a couple hours before cleaning up the house — he’s taken on more chores since his roommate is cutting him a break on the rent. In the evening, his buddies are catching a game at the local bar, but Mark has class at the local community college, where he’s working toward a certificate in HVAC repair.
That deep divide between those with jobs and those without them reveals itself not just in well-known statistics on hiring and income but in the day-to-day details of how people live their lives. The unemployed have higher rates of depression, obesity and suicide. In interviews, they frequently report that the social and emotional impacts of joblessness — isolation from friends, the loss of a daily routine, feelings of uselessness — can be as hard as the financial toll. Many say it’s hard just to get out of bed in the morning. Continue reading @FiveThirtyEight: It’s Hard to Get Off the Couch When You’re #Unemployed
