Norton Introduces Bill To Provide Employers With Incentives To Hire Long-Term Unemployed
Norton Introduces Bill to Provide Employers with Incentives to Hire Long-Term Unemployed
WASHINGTON, D.C.—Congresswoman Eleanor Holmes Norton (D-DC) today introduced a bill that would help address the ongoing crisis of long-term unemployment by giving employers a $5,000 tax credit against their payroll tax liability for each new net person hired who has been unemployed for 27 weeks or longer. Although the overall unemployment rate has dropped to roughly four percent, the number of long-term unemployed in October 2017 was 1.6 million, which accounted for 24.8 percent of the total unemployed population.
“Too many long-term unemployed Americans face employment discrimination as employers continue to show reluctance to hire these job-seekers because of the length of their …