April 2014

Addressing the Long Term Unemployment Problem

As of March, there were still more than 3.7 million Americans who have been unemployed for six months or longer. While the number of long-term unemployed as fallen dramatically from a peak of more than 7.0 million, it remains well above pre-recession levels when an average about 1.2 million Americans were unemployed for 27 weeks or longer. Some have argued that extended emergency unemployment benefits, which maxed out at 99 weeks, have contributed to long-term unemployment by acting as a disincentive to find a job.