Whose Unemployed?
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| Wed, 02-11-2004 - 12:42pm |
The weak recovery has led to dramatic increases in long-term unemployment—workers searching for jobs who remain unemployed for 27 or more weeks. Increasingly, it is the most highly educated Americans who are victims of the rise in long-term unemployment.
The figure below shows the percentage increases in long-term unemployment from 2000 to 2003 among people of different education levels. Overall unemployment also increased over the same period, rising from 5.7 million in 2000 to 8.8 million in 2003. The annual level of long-term unemployment was 649,119 in 2000; by 2003, this number had risen to 1.9 million.
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Both the increase in overall unemployment and the increase in the number of long-term unemployed have differed by education level. Total unemployment has increased 40%, 74%, and 95%, respectively, for workers with a high school degree or less, some college education, and a bachelor's degree or more. But long-term unemployment has increased at much greater rates—156%, 259%, and 299% for each educational group, respectively.
In all recessions, the least educated have suffered disproportionately. However, the current recession and weak recovery are unique in the extent to which workers with substantial education are also economic victims.

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Or, we'll just end the War on Terror and hope to God all of these terrorist groups will just change their minds about us.
What is your solution?
Correct, I educated myself out of a job. Education is not the panacea it used to be, exemplified by the first article in this thread. Also why Bush's push for retraining is not so plausible--retrain for what? This is what the people were told when manufacturing jobs were going overseas; retrain for computer work--now those jobs are taking flight. Only jobs I can think of, at the present time are in health care.
That sector does seem to be growing.... I guess that is where all the exhorbitant insurance premiums are going *wink*.
ps-love your screen name!
Bet you can intuit my response. *Grin*
It looks as though companies are making people work longer hours now, for the same money.....tricky isn't it.
That's been going on for some time now...and most large companies/corporations don't even deny that they do it.
cl-nwtreehugger
Co-cl: In The News http://messageboards.ivillage.com/n/mb/listsf.asp?webtag=iv-elinthenews&nav=start
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Not exactly...because those doctors/clinics/hospitals are paying exhorbitant insurance premiums on their own.
I should add that he wasn't collecting unemployment because the company found a clever way to fire him over a medical condition and he doesn't have the money to sue them over it. They are, however, collecting WIC, which ensures that this hard working family gets dirty looks on the supermarket checkout aisle from more "upstanding" citizens. Believe me, these people dream every day of having the good fortune of being "responsible for their own financial security."
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