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CHART OF THE DAY: Long Term Unemployment Is A Huge Problem -- Especially If You're Old

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Newscom

The following charts come from the Pew Charitable Trusts just-released addendum on long-term unemployment.




Not only is long-term unemployment much higher now than at any time since the government's started keeping data on the issue, but if you're old, you're really out of luck. Old workers are less likely overall to be unemployed than young workers. But if you're old and you lose your job, you're much more likely to end up in this unfortunate category -- just when your health is failing and cost of insurance is peaking.

(Image from ildogesto / Shutterstock)

About The Author

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Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at brian@talkingpointsmemo.com