Posted by: The Elephant Owner in Economics on April 29th, 2010
The chart below shows a disturbing reality about our current recession.

Nearly half of the unemployed, are chronically unemployed. People who lost their jobs back in 2008 are not moving on. They can’t or they won’t. It doesn’t help that government is feeding their dependence. The cliche is unemployment benefits extends unemployment. Is that is what is going on here?
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