By HUGH r. MORLEYMcClatchy NewspapersPublished 11 December 2010 01 H 01
Last updated on 11 December 2010 01 H 01 month after she lost her job as a representative of the customer to a manufacturer of paper in New Jersey tube, Kathy Canova was convinced that it would soon find another.Lately, 61 years Totowa, N.J., resident is not secure. "I kind of hope lost never find a job, said Canova, who had planned to retire from $ 42 000 an employment year at the age of 66. "I can take for social security at 62" and accept a less complete retirement, payment she added. "" " But I could not live that. "This is the kind of wrenching calculating the country - including those at the beginning of the 1960s and the middle-aged - long term unemployed more to deal as it became clear that high levels of unemployment will continue most likely for years to retirement come.Forced or accept paid less if they can return to the labour market jobs deplete their savings or retirement nest eggs earlier than expected, they are confronted with a decrease in gain power who is tempted to follow years, employment experts and economists say. Some will end up in poverty. "other face declining health and early death caused by factors associated with the loss of employment"one percent of them never not work once again,"said Carl Van Horn, Director of the Centre of Rutgers University John j workforce development. Heldrich." "And they will be moving down, especially if they have not a spouse who is gagnant.Canova, for example, gets on her $490 per week unemployment check to help pay $600 per month to the mortgage, she shares with her sister and drawing on its economies – which it considers dropped 40 dark percent.The perspectives is a dramatic change for a few years ago when analysts predicted a shortage of workers as nation 76 million baby boomers in retirement in comfort.Instead, boomers concerned by the decrease in the value of their nest eggs and surprise by the economic slump, should continue work - adding to the difficulty that long-term unemployed find jobs.The, ranks the Government defines as unemployed for 27 weeks or more increased by seven times during the recession." Almost one in three unemployed were work for a year or report of a Conference of the international monetary fund in September more.A showed that U.S. workers unemployed for four weeks was three times more likely to find a job as an unemployed for six months.Those tough odds already prompted Tony Grzymkowski take steps to protect his weeks Grzymkowski future.Several, 58, who lost his job selling six-figure-employee for global chemical manufacturer in February 2009, sold Haledon North five rooms at sunset, N.J., home, bought in 2004 as an investment with wife Carol - a loss of $70,000 on the purchase price. They intend to "reduce" in a town house or condo. "The thought process was this. If I was not going to get a job, and my unemployment would do, that I couldn't afford to stay in this House, said Grzymkowski, whose wife is said teacher.He is always in search of employment similar to his former public school. "But he knows that at any given time it is perhaps find sales commission only work outside of the chemical industry, which means a wage of 20 per cent to accept low-skilled jobs that pay same less.Next page or cut"
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