Jobless likely to feel pain long-term
Apr 30
2010
Losing a job is always tough, but losing it in the middle of what’s been dubbed the “Great Recession” could hurt for years, according to a new report by the Congressional Budget Office that hints at just how deep the damage could be to those laid off. CBO analysts are forecasting that even when the out-of-work do find jobs, they’ll be well behind their peers who stayed employed and will lose out on thousands of dollars of earning potential over their lives. Worse still, the study found that, unlike past recessions, the jobs picture won’t improve as quickly this time, …
Tags: jobs, recovery, unemployment
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