It may be time to adjust the U.S. unemployment rate in another way besides the traditional seasonal adjustments.
A study published by the Brookings Institute argues that a significant portion of the unemployed — those who have been out of work for more than six months — won't work again.
The study comes from Princeton University authors Alan Krueger, Judd Kramer and David Cho. (Krueger served as President Obama's chief economic advisor.) It's key finding: just 11 percent of those who have been out of work for more than six months since the last recession have found work.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
