Long-term unemployment: What the U.S. can learn from Sweden
By Christopher Matthews April 14, 2014: 5:00 AM ET
The U.S. can learn from other countries who have had to battle the most stubborn problem in the job market today.
FORTUNE — It’s doubtful most Americans had any idea how good they’d had it.
The scourge of widespread, long-term unemployment was a problem the U.S. hasn’t really had to deal with since The Great Depression. For instance, in 2002, the U.S. had the fourth-lowest rate of long-term unemployment — when taken as a share of the overall unemployment rate — among all OECD countries. Back then, less than 10% of Americans who were unemployed had been so for more than 27 weeks. Now, 35.8% of unemployed Americans fit into this category. Read more of this post
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