Degrees Just Aren't Working
Dan Gillespie never thought he'd have to look so hard for work. When the Seattle-area resident left the Air Force in 1980, he earned a computer science degree and enjoyed 20 years of steady work. He saved enough money to buy his wife's childhood home last year.
Three months later, he was laid off. Gillespie, 53, hasn't found a job since. Even the corner store won't hire him. He and his wife sold the house last month.
"The computer jobs are gone," he said. "So what's next? We can't all move into gene splicing." Long-term unemployment, defined as joblessness for six months or more, is at record rates. But there's an additional twist: An unusually large share of those chronically out of work are, like Gillespie, college graduates.
Los Angeles Times: Long Term Jobless
Three months later, he was laid off. Gillespie, 53, hasn't found a job since. Even the corner store won't hire him. He and his wife sold the house last month.
"The computer jobs are gone," he said. "So what's next? We can't all move into gene splicing." Long-term unemployment, defined as joblessness for six months or more, is at record rates. But there's an additional twist: An unusually large share of those chronically out of work are, like Gillespie, college graduates.
Los Angeles Times: Long Term Jobless
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