Long-Term Unemployment
Long-term unemployment refers to the situation where individuals remain without a job for an extended period, typically defined as 27 weeks or more. This can occur due to various factors, including economic downturns, industry changes, or a lack of available jobs that match a person's skills.
People experiencing long-term unemployment may face challenges such as financial strain and decreased self-esteem. It can also lead to skill erosion, making it harder for them to re-enter the workforce. Addressing long-term unemployment often requires targeted support and training programs to help individuals regain employment.