Economics
‘Why Am I Not Getting a Job?’: Months of No Work Show Risks
- Nearly 4 million have been out of work for at least 27 weeks
- Virus concern, economic capacity hinder work return for many
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The ranks of America’s long-term unemployed are swelling as the pandemic nears a full year, increasing the likelihood of lasting impacts on their finances, health and wages.
While 12.3 million jobs have come back since the pandemic low in April, nearly 4 million Americans have been out of work for at least 27 weeks. That’s considered the threshold for long-term unemployment and the group is at a seven-year high.