Unemployment crisis hits white-collar workers hard as well

The conventional wisdom is that if you go to college and get a white-collar job, you’ll be on a much safer path to prosperity.

Although that’s still relatively accurate, a new analysis from the Economic Policy Institute finds that not even white-collar workers have been safe from the high unemployment that has defined much of the past few years.

The unemployment rate for white-collar workers has been above 6 percent since April of 2009, according to the EPI’s analysis of Bureau of Labor Statistics data.

That’s still much lower than the overall unemployment rate, which stands at around 9 percent. But it is double the unemployment rate for white collar workers before the recession began.

The EPI says the last time the unemployment rate for white-collar workers was above 6 percent was during a six-month period that ran between November of 1982 and April of 1983.

Related:

Living paycheck to paycheck, or worse

Unemployment is the problem, but Americans see no clear solution 

People.com
5297,5

Discuss this post

You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
As a new user, you may notice a few temporary content restrictions. Click here for more info.