"Hysteresis" & How Chronic Joblessness Affects Us All

Last summer, the phone maker Sony Ericsson announced that it was looking to hire 180 new workers in the vicinity of Atlanta, Georgia. But the good news was tempered. An ad for one of the jobs, placed on the recruiting website the People Place, noted the following restriction, in all caps: â??NO UNEMPLOYED CANDIDATES WILL BE CONSIDERED AT ALL.â?