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House to Hold Hearing on Long-Term Unemployment

The Ways and Means subcommittee on income security will meet next Thursday to examine how Congress might better address the problem of long-term unemployment,

Jul 31, 2020
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The Ways and Means subcommittee on income security will meet next Thursday to examine how Congress might better address the problem of long-term unemployment, Chairman Jim McDermott (D-Wash.) just announced.
“If we can afford wars, tax cuts, and bank bailouts, then we can certainly afford to maintain programs for workers who have lost their jobs through no fault of their own,” McDermott said in a statement. “But we also need to think about additional steps to help those trying to return to work.”
The hearing comes at a good time: As Annie pointed outyesterday, the long-term unemployed (those without work for more than 27 weeks) now represent almost 46 percent of the nation’s jobless population — the highest percentage since the government starting tracking those numbers 62 years ago.
That means that at least 7 million people have been without work for longer than six months. They’ll be anxious to see what McDermott et al. come up with.
Witnesses have yet to be announced.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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