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  • Millions stuck in an unemployment rut

    The Daily Journal - 02/22/2014

    Rand Ghayad, an economics doctoral student at Northeastern University in Boston, sent out about 4,800 fictitious resumes generated by a computer. The resumes were identical except for one factor: Some of the fake applicants had been out of work for six months or more.

    Ghayad’s paper on his experiment, published by the Federal Reserve Bank of Boston, found applicants who had been out of work for six months or more were almost never contacted for an interview, even if their experience was identical to those who were employed.

    Like many of the long-term unemployed, Chambers expresses frustration and admits she gets depressed about what’s happened since she’s lost full-time work. She can’t afford to go out with friends or even afford a place of her own.