As Long-Term Unemployment Deepens, 99ers Look for Answers | The Washington Independent

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As Long-Term Unemployment Deepens, 99ers Look for Answers | The Washington Independent


"For 23 years, 58-year-old Cindy Paoletti of Salina, N.Y., worked in the corporate accounting division of J.P. Morgan Chase, balancing payroll accounts in an upstate office of the Wall Street bank. In December 2007, Paoletti was let go in a wave of layoffs that eventually shuttered the entire Syracuse operations center. “My job went to India,” she sighs.

[Economy1] Soon after, she started collecting unemployment benefits and severance while searching for a job in earnest. “I apply for everything out there,” she says, estimating she has applied to hundreds of positions over the past 30 months. “But 95 percent of the time, the company you send your resume to does not even acknowledge that they’ve received it. The majority of the time, if you do get an interview, they tell you that you are overqualified. It seems like as soon as they find out your age, everything goes down after there. The age discrimination is horrendous. And everybody in that baby boomer age group is experiencing the same thing.”

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