Senate Struggles to Craft Jobs Bill
By Mike Lillis, 2/12/10 6:00 AM
There is unemployment, and then there is long-term unemployment. As Congress grapples this month with ways to tackle the nation’s jobless crisis, many economists are hoping lawmakers recognize the distinction.
Not only is there often a stigma associated with being out of work for long stretches, but the long-term unemployed are also more likely to have lost a competitive step in their field, requiring focused retraining programs more nuanced than simply throwing federal dollars to existing industries. Many other workers will discover that the task they’ve spent a lifetime doing is no longer relevant on the other side of the recession.
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