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The odds you’ll join the ranks of the long-term unemployed May 18, 2014

Posted by sandyclaus in Politics.
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In the late 1990s, when, believe it or not, unemployment dipped below 4 percent, there was a less than a 5 percent chance that an unemployed person would still be six months later. Those odds shot up to 15 percent after the tech bubble burst, and more or less stayed there during the jobless recovery into 2003. The housing bubble finally pushed unemployment, and with it the probability of becoming long-term unemployed, down—but neither got as low as they had been when we were partying like it was 1999.

via The odds you’ll join the ranks of the long-term unemployed.

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