#053 – Out of Work and Losing Hope: The Misery of the American Unemployed

by Jay Carter on October 12, 2011

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Professor Carl Van Horn

As America’s unemployment problem only gets worse, researchers are revealing some disturbing responses and habits among those who can’t find work.

Bottom line:  The out-of-work are losing hope.

If you are unemployed, do you see yourself in this week’s interview?

Professor Carl Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers University, shares some interesting and disturbing trends among the jobless, based on his study of 1,200 jobless participants.

The new study, Out of Work and Losing Hope: The Misery and Bleak Expectations of American Workers by Dr. Cliff Zukin, Dr. Carl Van Horn, and Charley Stone, was released just last week.

Two-thirds of respondents reported being depressed. More than half said they have borrowed money from friends or relatives. One quarter said they have skipped mortgage or rent payments.

Van Horn is afraid the situation will only get worse in the years ahead.

As Van Horn told CBS News recently, “This is not your ordinary dip in the business cycle.”

More Information

Here’s how the Rutgers study was covered on last Friday’s CBS Evening News:


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{ 2 comments… read them below or add one }

ghpacific October 20, 2011 at 10:21 am

Great podcast. Ties into a recent NPR podcast on increased anxiety and depression in Greece. BTW, what do you think of this new law in LA? http://ackelandassociates.com/cash-transactions-banned-by-louisiana/

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farbror Frej March 4, 2012 at 6:09 am

I get “Error: 404 Not Found” on all your podcasts-links. Please correct.

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