Long-term Hardship in the Labor Market

John Schmitt and Janelle Jones

CEPR Reports and Issue Briefs from Center for Economic and Policy Research (CEPR)

Abstract: In this paper, we attempt to paint a demographic portrait of long-term hardship in the labor market. We display various measures of long-term hardship by race and gender, education, and age. In addition to the conventional long-term unemployment rate, we also show a broader measure that captures further dimensions of long-term hardship. This additional measure is the Bureau of Labor Statistic’s “U-6” alternative unemployment rate, which adds “discouraged” workers, the “marginally attached,” and workers who are “part-time for economic reasons” to the official unemployment rate.

Keywords: unemployment; long-term unemployment; discouraged workers; marginally attached workers; part time for economic reasons (search for similar items in EconPapers)
JEL-codes: J J0 J01 J6 J64 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2012-03
New Economics Papers: this item is included in nep-hme, nep-hrm and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:epo:papers:2012-09

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