Monday, February 22, 2010

Millions of Unemployed Face Years Without Jobs

AYUTTHAYA, THAILAND - MARCH 20 : An unemployed...

Image by Getty Images via Daylife

By PETER S. GOODMAN

Even as the American economy shows tentative signs of a rebound, the human toll of the recessioncontinues to mount, with millions of Americans remaining out of work, out of savings and nearing the end of their unemployment benefits.

“There are no bad jobs now. Any job is a good job,” said Jean Eisen, who became unemployed more than two years ago.

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed.

Call them the new poor: people long accustomed to the comforts of middle-class life who are now relying on public assistance for the first time in their lives — potentially for years to come.

Yet the social safety net is already showing severe strains. Roughly 2.7 million jobless people will lose their unemployment check before the end of April unless Congress approves the Obama administration’s proposal to extend the payments, according to the Labor Department.

Millions of Unemployed Face Years Without Jobs

Reblog this post [with Zemanta]

Apture