The New York Times article Millions of Unemployed Face Years Without Jobs covers the surge in long term unemployment due to the Great Recession.
Men make up over 60% of the long term unemployed. But the article also highlights the plight of women aged 45-64, which is one of the fastest growing cohorts for long term unemployment.
We continue to be pessimistic about near term job growth. Despite the clear signs of economic recovery, businesses remain focused on cost control and cash flow. There is little appetite yet for hiring new employees.