August 15, 2011

Long-term unemployment wreaks mental toll on jobless

Lisa Banks feels hopeless. She's lost an essential part of her identity: Her status as a proud full-time employee is gone. The one consolation she can take is that she's not alone. Statistics show that 14 million unemployed Americans still suffer the effects of the recession. Of the jobless, more than 44 percent have been out of work for 27 weeks or more, a time frame the Bureau of Labor Statistics considers long-term.

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