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Economy Quote by Janet Yellen

“Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.” quote by Janet Yellen
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“Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.”

Janet Yellen

About This Quote

Source Speech: Remarks on Labor Market, US Treasury, 2023

Extended unemployment erodes skills and reputation, making re‑entry harder even when jobs return.

In simple terms: Long job unemployment reduces employability.

Key Takeaway

Invest in skill upkeep during gaps.

Themes

employment skill decay economy

Mood

concerned pragmatic

Type

economic policy

When to use this quote

  • job seekers
  • career counseling
  • government policy

Key Concepts

human capital labor market dynamics

Questions to Reflect On

  • How can workers stay marketable during layoffs?
  • What policies help re‑skill the long‑term unemployed?
A Different Perspective

Skills fade without practice, limiting recovery.

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