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White Plains Workers' Comp AttorneylJob Losses Mount, Enduring and Deep

Posted on Nov 16, 2009

A recent article in The New York Times indicated that the overall unemployment rate has been hardest on young workers, while having a smaller effect on older workers than previous downturns. Women have been more likely than men to hold on to their jobs. And, the proportion of workers who have been out of work for a long time is higher now than it has ever been since the Great Depression. In this article, reporter Floyd Norris includes statistics and charts whichshow the short- and long-term unemployment rates during the three cycles since World War II when the unemployment rate rose above 8 percent, and reflect how different groups of workers fared in each. To read, click here.