Monday, January 21, 2008

long-term unemployment is growing most rapidly among white-collar and college-educated workers with long work experience

Highly Skilled And Out Of Work | Long-Term Joblessness Spreads in Middle Class | By Michael A. Fletcher | Washington Post Staff Writer | Monday, January 21, 2008; Page A01
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In November, nearly 1.4 million people -- almost one in five of those unemployed -- had been jobless for at least 27 weeks, the juncture when unemployment insurance benefits end for most recipients. That is about twice the level of long-term unemployment before the 2001 recession.

The problem is ensnaring a broader swath of workers than before. Once concentrated among manufacturing workers and those with little work history, education or skills, long-term unemployment is growing most rapidly among white-collar and college-educated workers with long work experience, studies have found, making the problem difficult for policymakers to address even as it grows more urgent.

"What has happened is a polarization of the labor market. It was very strong at the very top and very strong until recently at the bottom," said Lawrence F. Katz, a labor economist at Harvard University. "But in the recent weak recovery, and now recession, demand has been very weak" for jobs in the middle. ...

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