Portside

Elevated long-term unemployment for all groups, like we see today, means that today’s long-term unemployment crisis is not due to something wrong with these workers, it is due to the fact that businesses across the board simply haven’t needed to significantly increase hiring because they haven’t seen demand for their goods and services pick up enough to warrant it.

Charts illustrating that while corporate profits have rebounded, more than four million Americans have been without work for six months or longer, and the price of continuing long-term unemployment isn't just borne by the jobless and their families. It's dragging down the entire economy—to the tune of $1 trillion a year.