Fed insider says most long-term unemployed won’t get hired again

Job market tightest in 15 years if long-term unemployed cast aside

The labor market is tighter now than anytime in the past 15 years and the jobless rate could really be as low as 4.6%, using different ways to look at U.S. employment.

Says who? A senior official at the St. Louis Federal Reserve. But if that’s true, it probably means tough luck for at least 1 million Americans who have been out of work for a long time.  Read more