Addressing Long-Term Unemployment after the Great Recession: The Crucial Role of Workforce Training

Source: U.S. Congress Joint Economic Committee (JEC), August 2011

From the press release:
Today, the U.S. Congress Joint Economic Committee (JEC) released a new report that highlights the long-term unemployment crisis left behind by the Great Recession and the need for continuing investment in workforce training. The report entitled, “Addressing Long-Term Unemployment after the Great Recession: The Crucial Role of Workforce Training,” shows that the long-term unemployment that characterized the Great Recession has shown few signs of abating and remains at near-record levels. Smart, targeted investments in workforce training programs can help workers build skills that will prepare them for new jobs….While no group of workers has been spared by the high-rates of long-term unemployment, older workers, those with only a high-school degree, construction workers, and African-American workers have faced disproportionately high rates of long-term unemployment. Even college-educated workers, who experience much lower rates of unemployment than their less educated peers, have encountered long spells of unemployment.

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