Only 11% Will EVER Regain Full-Time Work.

Most people in the US have simply "stopped looking" when it comes to finding a decent job.  In fact, only a small percentage of those who have lost their jobs and have been unemployed for more than six months are finding them.  Dennis

Just 11 percent of U.S. long-term unemployed find jobs

WASHINGTON — A new study documents the bleak plight of Americans who have been unemployed for more than six months: Just 11 percent of them, on average, will ever regain steady full-time work.

The findings by three Princeton University economists show the extent to which the long-term unemployed have been shunted to the sidelines of the U.S. economy since the Great Recession. The long-term jobless number is 3.8 million, or 37 percent of all unemployed Americans.

"The long-term unemployed are more than twice as likely" to stop looking for a job than to find one, according to the paper co-written by Alan Krueger, formerly President Barack Obama's chief economic adviser. "And when they exit the labor force, the long-term unemployed tend to say they no longer want a job."

During any given month from 2008 to 2012, barely more than one in 10 of the long-term unemployed had found full-time work. Their troubles were similar in states with high as well as low unemployment rates.

The analysis shows that a better predictor of hiring comes from the short-term unemployed, who are far more likely to be rehired.

Across the country, levels of short-term unemployment have essentially returned to pre-recession averages, even though the overall national unemployment rate remains historically high at 6.7 percent.