Economy Quote by Janet Yellen
“Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.”
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.
Invest in skill upkeep during gaps.
Themes
Mood
Type
When to use this quote
- job seekers
- career counseling
- government policy
Key Concepts
Questions to Reflect On
- How can workers stay marketable during layoffs?
- What policies help re‑skill the long‑term unemployed?
Skills fade without practice, limiting recovery.