Losing a job is tough no matter what. Add a pandemic into the mix, and now millions of Americans are out of work for months at a time, creating a surge in long-term unemployment.
For most out-of-work folks, it’s taking about 21 weeks to find a new job, according to the latest data from the Bureau of Labor Statistics. But for a record-breaking number of Americans, good replacement jobs are scarce, and it’s taking them much longer than that.
Even as the overall unemployment rate drops each month, large sectors of the economy such as hospitality, events, performing arts, and many others haven’t rebounded.
Some time between jobs is to be expected since you’ll want to find a good match. But once you’re unemployed for such a long period of time, it can have a cascading effect.
“In general, the longer somebody is unemployed, the harder it is for them to find new work,” said Michele Evermore, a senior policy analyst at the National Employment Law Project.
Harder, but not impossible. Experts say no reasonable hiring manager is going to hold coronavirus-related unemployment against you. However, the economic situation might put you into some fierce competition on the job hunt.
We’ll cover exactly what long-term unemployment means and what you can do to recover if you find yourself in