For the populace in New Jersey unemployment has become a part of their life. There seems to be no solution at hand. According to the Labor Department, nearly 4.5 million people are out of work for nearly a year and this is an all time high figure. Among the unemployed lot, older people are getting the brunt of the situation additionally because it has really become difficult for them to search jobs at this age. Their prospects are not brighter in the near future also and even if they are lucky enough to get a job they are likely to get less pay then the younger ones.
With ongoing unemployment crops up other issues, it has been generally seen that when people are out of work for longer period of time their expertise often beg-off. They no longer remain professionally active and therefore companies are indecisive in hiring them. This is a grave concern for all as a large number of the work force are becoming ineffective.
This enduring unemployment results in recession. This is not a new state of affairs for the economy however this time the number of unemployed lot is far greater than the previous years. For the situation to perk up business would have to speed up hiring. Even if the workforce requires further training they should be provided with it. However, it seems unlikely that the companies will take risks. Nevertheless, everyone is hoping for the economy to gain strength almost rapidly.