The psychological toll of long-term unemployment
We’ve spent every month since the start of this pandemic picking apart jobs numbers and unemployment claims. But there’s a lot happening in the labor force that isn’t captured in that data — like the toll long-term unemployment can take on those looking for work. A recent Pew survey says about half of unemployed adults in the U.S. are pessimistic about future employment and more than half have experienced mental health issues like anxiety or depression. On today’s show: We look at how these factors can create a less predictable back-to-work economy. Also on the program: What’s driving the housing shortage, how New Yorkers feel about COVID-19 restrictions lifting, and how the pandemic changed economic forecasting.