The Patriot Post® · Bleak Hope for Long-Term Jobless

So how’s that Obama Hope ‘n’ Change™ working for the jobless? Not very well. “In a sobering new study, three Princeton economists found that only 11% of the long-term unemployed in any given month found full-time work a year later,” reports the LA Times. There are numerous factors at play and they can be cyclical, the researchers say: “[S]tatistical discrimination against the long-term unemployed could lead to discouragement, and skill erosion that accompanies long-term unemployment could induce employers to discriminate against the long-term unemployed.” And as we have noted, extending unemployment benefits compounds the problem. As long as Obamanomics is stifling growth, the stagnation will continue.