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CBSNEWS: Chronic unemployment worse than Great Depression...

By: Decomposed in ROUND | Recommend this post (1)
Mon, 06 Jun 11 5:38 PM | 90 view(s)
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June 5, 2011

Chronic unemployment worse than Great Depression

By Ben Tracy

(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.

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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.

Full article: http://www.cbsnews.com/stories/2011/06/05/eveningnews/main20069136.shtml

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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