Long-Term Unemployed Person
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A Long-Term Unemployed Person is an unemployed person in an unemployment state whose unemployment duration is long enough to consume a typical rainy day fund (~half of one year).
- Context:
- They can (typically) be a member of a Long-Term Unemployed Population.
- They can (often) stay in their Worker Field (Aaronson et al., 2010).
- They can (typically) have low success of Finding a Job (Aaronson et al., 2010).
- They can (typically) have low success of Keeping a Job (Aaronson et al., 2010).
- They can (often) become a Non-Economically Active Person (and unlikely to become a worker) (Aaronson et al., 2010).
- Example(s):
- Counter-Example(s):
- See: Long-Term Unemployment Rate, Long-Term Event, Poverty, Labor Market.
References
2010
- (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.
2004
- (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.
- QUOTE: 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