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The Painful Reality Of Long-Term Unemployment

By Virginia Prescott • Apr 22, 2013

Sculpture from the FDR Memorial.
Credit woodlywonderworks via flickr Creative Commons

A recent study from Northeastern University reveals a crippling catch- 22 for the long-term unemployed. Matthew O’Brien is an associate editor at The Atlantic who recently took a look at the date and wrote about the gloomy prospects for people who’ve been too long without work.

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The Young And The Jobless

By Virginia Prescott • Mar 12, 2013
photologue_np via flickr Creative Commons

The International Labor Organization – or ILO -- announced last week that global unemployment has dipped to its lowest level since December 2008. However, the numbers don’t look nearly as promising for young people. An estimated 75 million people in the 15-to-24 range will be unemployed this year.  The ILO warns that if these trends continue, a generation will be scarred by economic disadvantage.  Mona Mourshed is Education Director  for the McKinsey Center for Government , which is studying youth unemployment. Mona is co-author of the McKinsey  report: “Education to Employment: Designing a System That Works.”