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Millions of Unemployed Americans Face Years Without Jobs

New York Times: Millions of Unemployed Face Years Without Jobs: “Every downturn pushes some people out of the middle class before the economy resumes expanding. Most recover. Many prosper. But some economists worry that this time could be different. An unusual constellation of forces — some embedded in the modern-day economy, others unique to this wrenching recession — might make it especially difficult for those out of work to find their way back to their middle-class lives. Labor experts say the economy needs 100,000 new jobs a month just to absorb entrants to the labor force. With more than 15 million people officially jobless, even a vigorous recovery is likely to leave an enormous number out of work for years.”

  • NYT graphic: “As of January, about 6.3 million people have been out of work for 27 weeks or more”
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