This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
"There are many talented people in the U.S. who are having a tough time finding a job – not because of a lack of ability, but because of ongoing challenges in the economy," said
Rosemary Haefner, Vice President of Human Resources at CareerBuilder. "While our study explores the struggles they are facing, it also brings to light the resilience of these workers who remain optimistic, look for jobs every day and take measures to learn new skill sets to open the doors to new opportunities."
Effects of Long-term UnemploymentThe loss of a regular income has affected the long-term unemployed in various ways from accelerated credit debt to downsizing to tense relationships:
Not having enough money for food – 25 percent
Strained relationships with family and friends – 25 percent
Maxed out credit cards to pay other bills – 12 percent
Losing their house or apartment due to the inability to pay the mortgage or rent – 10 percent
Moving back in with their parents – 9 percent (Among long-term unemployed ages 35 to 54, 13 percent moved back in with their parents)
Moving to a less expensive location – 4 percent
Current Source of IncomeMany long-term unemployed said they are relying on their significant other, personal savings or family members to help out with expenses:
Spouse or partner – 39 percent
Savings – 31 percent
Side jobs – 12 percent
Parents – 11 percent
Borrowing from family and friends – 9 percent
Biggest Challenges in Finding EmploymentForty-four percent of the long-term unemployed said they look for jobs every day; 43 percent look every week. While three in ten long-term unemployed said they haven't had any interviews since they lost their jobs (30 percent), the same number (30 percent) said they have had five or more interviews; 14 percent have had ten or more. One in ten have turned down a job while unemployed.
Being out of the workforce for an extended period has left nearly half (45 percent) of long-term unemployed concerned that their skills have depreciated. Of these respondents, more than half (56 percent) said their technology skills depreciated.