Long-term jobless figure leaps to 14-year high
The number of long-term unemployed in the UK has more than doubled since the financial crisis struck in 2008, leaving tens of thousands of people with little chance of ever working again, according to the Institute of Public Policy Research.
More than 400,000 people have been unemployed for over two years - the highest number since 1997.
Being out of work for two years or more severely curtails someone's chances of getting another job, according to a new report by the think tank to be published later this week.
The IPPR analysis shows that 100,000 older workers - who were made redundant at the start of the recession - could be forced to retire earlier than they planned on much lower pensions. But long-term unemployment has increased even more among younger people - trebling to 95,000 since 2008.
Research suggests that members of this group are likely to earn less than their peers when they do find work and are more likely to become unemployed again.
Tony Dolphin, the chief economist at the IPPR, said: "The longer someone is out of work, the more they lose motivation, confidence and miss out on vital training. They could find themselves permanently shut out of the jobs market."