October 7, 2011

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): A job is becoming a dim memory for many unemployed. “Nearly one-third of the unemployed — nearly 4.5 million people — have had no job for a year or more. That’s a record high. Many are older workers who have found it especially hard to find jobs. And economists say their prospects won’t brighten much even after the economy starts to strengthen and hiring picks up. Even if they can find a job, it will likely pay far less than their old ones did.”

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