Chronic unemployment worse than the Great Depression!
NEW YORK (PNN) - June 7, 2011 - There is an unfortunate adage for the unemployed: The longer folks are out of a job, the longer it takes them to find a new one.
CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and the jobs picture is not improving for them anytime soon.
Tinong Nwachan, for example, has far too much time on his hands. When CBS News met the former truck driver he had been out of work for two years.
"I don't really tell too many people this but I'm not ashamed or nothing. I'm homeless," said Nwachan.
His day job is looking for work at a jobs center in Hollywood. He has plenty of company, including Fabian Lambrecht, who wonders when the economy's improvement will affect them.
"They're saying there are more jobs. I'm just wondering where those jobs are," Lambrecht said.
About 6.2 million Amerikans, 45.1% of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.