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Stock impact report

A stigma no longer? Companies hire more long-term unemployed as they struggle with worker shortages [USA TODAY]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: USA TODAY
But as the weeks turned into months, “I had to do some soul-searching,” says the 48-year-old resident of Marlboro, New Jersey. He also sent out about 200 resumes and worried he might lose a race against time, with his unemployment benefits likely to run out in the spring. “I did not want to be in a situation where I had no income,” Butler says. Eight months later, in late March, Butler finally landed a job as marketing director for a pharmaceutical company. “It was the biggest relief,” he says. “It was the first night of real sleep I had in eight months.” A spending boom for whom?: Lower-income Americans feel left behind The struggles of many long-term unemployed Americans like Butler may be starting to ease. Last month, the number of people unemployed six months or longer fell by 431,000 — the second-largest decline on record — to 3.8 million, according to the Labor Department's May jobs report, which came out Friday. Even with that drop, though, the number remains his Show less Read more
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