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The effects of long-term unemployment are a destructive and persistent social issue. 1 in every 588 US citizen in homeless
According to the Bureau of Labor Statistics, there are 6 million long-term unemployed or discouraged workers who have dropped out of the labor market, which constitutes about 32 percent of the nation’s unemployed population overall.
The fact that these populations still make up a significant portion of all unemployed individuals in America suggests that structural factors are contributing to the struggles many Americans face when seeking stable employment.
Typically, high unemployment rates are accompanied by low job vacancy rates; correspondingly, when job vacancies rise, unemployment should fall as job seekers fill job positions. However, after the Great Recession, both long term unemployment rates and job vacancy rates have remained elevated, indicating that employers have jobs available, but are not choosing from the pool of available workers.
Long term unemployment is the leading cause of homelessness, and the risk of homelessness intensifies the longer a person is unemployed.
In 2019, 552,830 Americans were homeless, or 1 in every 588 Americans. Sadly, 7% are unaccompanied youth under 25 and 7% are veterans. Long term unemployment not only leads to homelessness, but to family violence, mental and physical health disorders, and drug and alcohol addiction. The human cost, as well as the financial cost to every level of government, is enormous.
The persistence of unskilled unemployment is a structural issue requiring a different solution
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