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Discussion: (2 comments)

  1. And how about DISCRIMINATION as a factor? There are many employers who simply refuse to consider anyone who has been out of the job market for more than a few weeks. This hits especially hard at those who had senior positions, because such jobs are much rarer, and come along less often. In fact, one should add in plain old AGE DISCRIMINATION. Even though it is illegal, and has been for over forty years, how else can one explain why, with the partial exception of CEOs, almost no one older than 50 or 55 at the outside is hired for any mid/senior level position in the financial services industry?

  2. Todd Mason

    I see pretty consistent lines in the SSA chart of disability awards. http://www.ssa.gov/oact/STATS/dibGraphs.html Could it be that the ratio of disability awards to jobs created is out of whack because of the second factor? Seems to me I’ve read some where that job creation in the past four years has been feeble.

    Discrimination is surely a factor for the long-term unemployed, but don’t rule out job/skills mismatch, as in perhaps half the time jobseekers have skills but employers don’t want them. The areas of greatest job growth in 2011 according to the BLS: healthcare, durable goods manufacturing, hospitality, food service. The first is obvious; the second is the auto industry recovery and third and fourth are largely unskilled labor, Let’s say you are the best framing carpenter in Clark Co., Nev., which, with a dollar, will get you a cup of coffee today. See yourself working in a hospital? McDonalds? Dealing blackjack?

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