Forget discouraged, 3 million workers hopelessly unemployed
unemployment was high in lego land by woodleywonderworks
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
Losing hope: The Labor Department calls people who haven't looked for work in the last four weeks "discouraged workers," but millions more hopelessly unemployed gave up long before then. Employers may be hiring, but there's another big problem with the job market that isn't being tracked as closely: the hopelessly unemployed. An often overlooked number calculated by the Labor Department shows millions of Americans want a job but haven't searched for one in at least a year. They've simply given up hope. They're not counted as part of the labor force, the official unemployment rate, or the category the Labor Department refers to as "discouraged workers" -- those who haven't bothered to look for work in the last four weeks. These hopelessly unemployed workers have just been jobless so long, they've fallen off the main government measures altogether.
People:
Heidi Shierholz
Overall Sentiment: 0.0205924
Relevance: 0.450203
| Sentiment | Quote |
|---|---|
| 0.0737793 | "We have always had a set of people who want a job but for whatever reason are not looking," said Heidi Shierholz, ... |
| -0.341628 | "We have always had a set of people who want a job but for whatever reason are not looking," said Heidi Shierholz, economist with the Economic Policy Institute. "But this recession was so severe and job opportunities are still so weak, this group is growing because of that." |
| 0 | "We know we have this huge pool of missing workers," Shierholz said. ... |
| 0 | "We know we have this huge pool of missing workers," Shierholz said. "And we are not yet in a labor market that draws people in." |
| Sentiment Stats: |
|
Stephen Bronars
Overall Sentiment: -0.0880224
Relevance: 0.445508
| Sentiment | Quote |
|---|---|
| -0.18953 | "The way we're measuring the long-term unemployed has a lot of holes in it," said Stephen Bronars, ... |
| -0.167121 | "The way we're measuring the long-term unemployed has a lot of holes in it," said Stephen Bronars, senior economist for Welch Consulting. "A person can be discouraged for a while, but then gets bumped over into this other category." |
| 0 | "It's hard to say exactly who these people might be," Bronars said. ... |
| Sentiment Stats: |
|
Erik Hurst
Overall Sentiment: -0.146235
Relevance: 0.323479
Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
FieldTerminology: Americans
Overall Sentiment: -0.0202508
Relevance: 0.35005
Country: United States
Overall Sentiment: -0.369364
Relevance: 0.323509
Disambiguation: Location | Region | AdministrativeDivision | GovernmentalJurisdiction | FilmEditorReferences:
Organization: Labor Department
Overall Sentiment: -0.155646
Relevance: 0.935345
Organization: Economic Policy Institute
Overall Sentiment: 0
Relevance: 0.324805
Disambiguation: References:
Organization: University of Chicago Booth School of Business
Overall Sentiment: -0.0986596
Relevance: 0.302684
Company: Welch Consulting
Overall Sentiment: 0
Relevance: 0.320947
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Source : http://rss.cnn.com/~r/rss/money_latest/~3/jtVX_6moIE0/index.html
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Forget discouraged, 3 million workers hopelessly unemployed
Webpage Provided Keywords:
- annalyn kurtz
- beyond discouraged
- bls
- CNNMoney
- discouraged workers
- hopeless workers
- hopelessly unemployed
- jobs
- jobs report
- Labor Department
- labor force
- long term
- long-term
- unemployed workers
- unemployment
- unemployment rate
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Employers may be hiring, but there's another big problem with the job market that isn't being tracked as closely: the hopelessly unemployed.
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