Job Losses Mount, Enduring and Deep
THE rise in unemployment that has occurred in the current recession has been hardest on young workers, while having a smaller effect on older workers than previous downturns. Women have been more likely than men to hold on to their jobs. Worst of Three The overall unemployment rate, which reached 10.2 percent on a seasonally adjusted basis last month, remains below the post-World War II peak of 10.8 percent, reached in late 1982. But the proportion of workers who have been out of work for a long time is higher now than it has ever been since the Great Depression.
Original Article: Forum: News/Activism
Tags: Adjusted Basis, Great Depression, Job Losses, Jobs, Long Time, Older Workers, Proportion, Recession, Unemployment Rate, World War Ii