Archive

20% of Workers Laid Off in Past 5 Years

SCARRING

Nearly a quarter still unemployed.

Roughly a fifth of U.S. workers, or an estimated 30 million, were laid off in the past five years according to a new surgery from Rutgers University. According to that same survey about 22% of those who lost their jobs still are unemployed. Almost half are in jobs that pay less than their old ones, and nearly 40% said it took more than seven months to find a job.

Read it at Los Angeles Times

Got a tip? Send it to The Daily Beast here.