Volume 1, Issue 3 of the Community Newsletter is available!
Andrew Sum’s March 14 post on the Huffington Post.
The Nation's Troubled Labor Markets and the Fate of Its Dislocated Workers
Despite a modest downtick in the aggregate unemployment rate due in part to labor force withdrawals,
Between 2007 and 2009, there were 15.43 million
Given the sharp increase in the absolute number of dislocated workers over the 2007-2009 period, the steep drop in payroll employment over the same time period, declining job vacancies, and rapidly rising numbers of unemployed workers, the nation's dislocated workers experienced substantial difficulties in finding re-employment by the time of the January 2010 survey. Only 49 of every 100 dislocated workers had found some type of employment, the lowest re-employment raise in the 27 year history of the survey. In February 2000, a decade earlier, nearly 75 per cent of the dislocated had been able to regain employment. The re-employment rates were lowest for the youngest (under 25) and the older dislocated workers (55 ), for most blue-collar workers and for office support workers, for Blacks, and for those workers lacking post-secondary degrees. Only 25 to 30 per cent of dislocated Black men without any post-secondary schooling were able to regain employment.
Unemployment problems of these dislocated workers were extremely intense in January 2010. The overall unemployment rate was 43%, the highest ever recorded in the history of the dislocated worker survey dating back to 1984. This unemployment rate was 4 to 5 times higher than the overall unemployment rate for all
Even among those regaining employment, a number of labor market problems existed. These included nearly 300,000 workers who were underemployed, working part-time but desiring full-time work, the rising numbers of mal-employed college educated workers (1 million) who were working in jobs not requiring their college degrees, and the losses in weekly earnings among many of those re-employed. Findings of research on the re-employed by the
While dislocation problems had reached new peaks in recent years and many of those dislocated continue to experience severe labor market adjustment problems, the U.S. House of Representatives recently passed a budget bill that would eliminate all funding for dislocated worker programs under the existing Workforce Investment Act. While past evaluations of the performance of such programs have admittedly been mixed, this is no time to eliminate efforts to provide re-employment and retraining assistance to the nation's dislocated. The very core of many of our labor market problems is intrinsically bound up with the fate of these dislocated workers. Will either political party have the courage and wisdom to stand up on their behalf?
This blog was co-authored by Andrew Sum and Mykhaylo Trubskyy.
Are you interested in effective SCSEP practices identified in Region 1?
Here is the link to download the complete list and details about the select practices found below:
For more information, contact the Boston Regional Office (click on contact) or contact Ms. Keeva Davis, email@example.com.