Long-Term Unemployed Population

Context:
- It can have little impact on Price Inflation (Krueger et al., 2004).
- It can be used to calculate a Long-Term Unemployment Rate, and a Long-Term Unemployed Relative to Total Unemployed Rate.
Example(s):
- U.S. Long-Term Unemployed Population, China Long-Term Unemployed Population, Germany Long-Term Unemployed Population, ...
- …
Counter-Example(s):
- Short-Term Unemployed Population.
See: Unemployment Benefits Program.

References

(Elsby et al., 2010) ⇒ Michael W. Elsby, Bart Hobijn, and Aysegul Sahin. (2010). “The labor market in the Great Recession." No. w15979. National Bureau of Economic Research.
- ABSTRACT: From the perspective of a wide range of labor market outcomes, the recession that began in 2007 represents the deepest downturn in the postwar era. Early on, the nature of labor market adjustment displayed a notable resemblance to that observed in past severe downturns. During the latter half of 2009, however, the path of adjustment exhibited important departures from that seen during and after prior deep recessions. Recent data point to two warning signs going forward. First, the record rise in long-term unemployment may yield a persistent residue of long-term unemployed workers with weak search effectiveness. Second, conventional estimates suggest that the extension of Emergency Unemployment Compensation may have led to a modest increase in unemployment. Despite these forces, we conclude that the problems facing the U.S. labor market are unlikely to be as severe as the European unemployment problem of the 1980s.

(Aaronson et al., 2010) ⇒ Daniel Aaronson, Bhashkar Mazumder, and Shani Schechter. (2010). “What is behind the rise in long-term unemployment?.” In: Economic Perspectives, Federal Reserve Bank of Chicago Q 2 (2010): 23-51.
- QUOTE: As we entered 2010, the average length of an ongoing spell of unemployment in the United States was more than 30 weeks — the longest recorded in the post-World War II era. Remarkably, more than 4 percent of the labor force (that is, over 40 percent of those unemployed) were out of work for more than 26 weeks — we consider these workers to be long-term unemployed. In contrast, the last time unemployment reached 10 percent in the United States, in the early 1980s, the share of the labor force that was long-term unemployed peaked at 2.6 percent. Although there has been a secular rise in long-term unemployment over the last few decades, the sharp increases that occurred during 2009 appear to be outside of historical norms.

(Furlong & Cartmel, 2004) ⇒ Andy Furlong, and Fred Cartmel. (2004). “Vulnerable young men in fragile labour markets: employment, unemployment and the search for long-term security." Joseph Rowntree Foundation.
- ABSTRACT: This report is an examination of the effect of early long-term unemployment on the later careers of young men. Focusing on young men who had experienced a period of long-term unemployment more than five years ago, this report studies how far they can recover from early difficulties and go on to establish successful careers. Based on in-depth interviews with 32 young men in the West of Scotland, the report examines how they attempt to move from unemployment to stable jobs. It describes how some become trapped in insecure work and the extent to which existing policies fail to address effectively deficiencies in the supply or demand for quality labour. The research suggests that few young men who experience an early period of]]long-term unemployment]] manage to make a complete recovery. Most remain trapped in the casual and insecure sectors of the labour market. With unemployment levels being relatively low, the problem for many young men was not so much finding work, but finding jobs that offered training and a degree of long-term security.