You may not see them out at lunch, in your office, or while you rush to work in the morning. They are the New Unemployed, the long-term jobless, whose numbers have reached historic levels during the Great Recession. They didn’t buy and sell derivative contracts on Wall Street; they didn’t securitize bad mortgages; they didn’t make rotten decisions to over-extend their financial firms. No, they just had the misfortune of living at the wrong time, in the midst of an epic crash. And now they’re being told that their jobs are permanently gone.
Long-Term Jobless: The Forgotten Men and Women of America |
| By: David Dayen Thursday May 13, 2010 7:59 am |


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