For what little it's worth: I can think of 6 colleagues who have been, or are currently, long-term unemployed. I personally wouldn't have hire any of them, had it been my decision. I'm glad it wasn't. Two of them were among our best hires ever. The other four didn't work out so well.
Having been in charge of hiring, this is way, way more true than it is false. It is not irrational at all.