A recent study conducted by Harris Poll determined that 59 percent of workers who have been unemployed more than two years have already left the workforce completely. In total, 43 percent of jobless Americans say they’ve given up looking for employment, no matter how long they’ve been without work.
A deeper dive into the polling data paints a pretty bleak picture for the quality and vitality of America’s labor market:
Unemployed workers spend on average just 11.7 hours a week looking for a job.
More than half of all jobless Americans claim they haven’t had a job interview since 2014.
The highest percentage of unemployed workers is found in the 18 to 29-year-old age group, accounting for one-third of the total job loss.
Bob Funk, CEO of Express Employment Professionals, commissioned the Harris Poll. The findings, he said in a statement, reflect an alarming new reality for American workers.
“This is a tale of two economies,” he said. “It’s frightening to see this many people who could work say they have given up.”
On Friday, the U.S. Department of Labor released an abysmal job report – the worst in five years, in fact — signaling that the country is on the precipice of a further economic slowdown, compounding the consequences of the worst economic recovery since the Great Depression. Today, 94.7 million able-bodied working age Americans have abandoned the labor market, with 664,000 of these individuals added last month alone.
Learn more about the Harris Poll at CNBC.