Sunday, June 5, 2011

Unemployment worse now than Great Depression, via @CBSNews

via elephantjournal
(CBS News) There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one.
CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and that while the jobs picture may be improving statistically on a national level, it is not for them.

Tinong Nwachan, for example, has far too much time on his hands. When CBS News met the former truck driver he had been out of work for two years.

"I don't really tell too many people this but I'm not ashamed or nothing, I'm homeless," Nwachan said.

Summer job bummer: Teen unemployment 24 percent, nearly 14 million Americans are looking for work....

About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.
I'm surprised the lamestream media is finally reporting about our economic Depression. Oh, well. Better late than never.

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