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May 26 , 2010. Heidi Shierholz Economist, Economic Policy Institute. EPI Forum . Long-term unemployment: causes, consequences and solutions. The gap in the labor market. Jobs needed to keep up with population growth. 2.9 million. 10.7 million. 7.8 million.

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long term unemployment causes consequences and solutions

May 26, 2010

Heidi Shierholz

Economist, Economic Policy Institute

EPI Forum

Long-term unemployment: causes, consequences and solutions
the gap in the labor market
The gap in the labor market

Jobs needed to keep up with population growth

2.9 million

10.7 million

7.8 million

Source: Author’s analysis of BLS data.

unemployment far outpacing job openings
Unemployment far outpacing job openings

April 2010: 15.3 million

March 2010: 2.7 million

Number of job openings

Source: EPI analysis of CPS and JOLTS data.

share of unemployed who have been jobless for over six months
Share of unemployed who have been jobless for over six months

Source: Bureau of Labor Statistics

current ui benefits
Current UI Benefits
  • Regular benefits: Maximum of 26 weeks
  • Plus emergency benefits: Up to 73 additional
  • weeks, (depending on the unemployment rate
  • in your state)
  • Note: Under current law, emergency benefits
  • begin to phase out next week.
share of unemployed receiving ui
Share of unemployed receiving UI

68.0%

33.6%

Recipients in regular UI programs

Source: EPI analysis of ETA data.

what s at stake
What’s at stake

Source: ETA.

for more information
For more information

Heidi Shierholz

hshierholz@epi.org

202.533.2560

Economic Policy Institute

1333 H Street, NW

Suite 300, East Tower

Washington, DC 20005-4707

202.775.8810

www.epi.org