- Almost half of the unemployed have been out of work for a year or more. They have lost skills and good work habits. Hiring managers will reject them out of hand. Many of them will never work again.
- The federal government has 47 different training programs costing $18 billion a year. Yet many employers have difficulty finding qualified workers.
- Extended unemployment benefits (up to nearly two years) are making the unemployment rate higher because the unemployed often do not get work until their benefits run out. Coincidence? No.
Wednesday, August 24, 2011
"Harsh truths" about today's unemployment
Fortune columnist Nina Easton takes a hard look at the data on unemployment; it is not a pretty picture: