An article from CNNMoney this week paints a stark picture of employment prospects for the long-term unemployed. Analysis from economists at the San Francisco Federal Reserve shows that in the first few weeks after losing a job, about three of every ten unemployed persons in the U.S. find work again. After being out of work for one year though, the chances of gaining employment drop to just one in ten per month.
The chances of finding a job for those who've been unemployed for 18 months or more isn't much lower than for those who are jobless between six and 18 months. CNNMoney notes that "the fact that those out of work for more than a year don't see a big drop in re-employment chances mean that the problem is cyclical".