Posts Tagged ‘Unemployment’

The Discouraging Unemployment Picture

Tuesday, December 6th, 2011

The Bureau of Labor Statistics has a great deal to say about the November 2011 unemployment numbers and the October numbers from the metro areas. The unemployment rate fell to 8.6 percent from 9 percent in November. In October, the unemployment rates fell in 281 of the 372 metro areas the BLS watches.

The pictures tell a far more discouraging tale. These graphs are from the BLS site, using their data. None of the graphs present any sort of encouraging picture for those who are unemployed or those who have given up. And, lots of folks have just given up.

Graph of the percentage of Americans employed compared to the general population for November 2011

Graph of the percentage of Americans employed compared to the general population for November 2011

Graph of the labor participation rate of Americans in November 2011

Graph of the percentage of Americans who could work that had a job in November 2011

Graph of the average weeks of unemployment for Americans in November 2011

Graph of the average weeks of unemployment for Americans in November 2011

Graph of the number of Americans unemployed over 27 weeks for November 2011

Graph of the number of Americans unemployed over 27 weeks for November 2011

Graph of the number of Americans discouraged from looking for work for November 2011

Graph of the number of Americans discouraged from looking for work for November 2011

The graphs were built to show both the current record or near record “bad” numbers as well as their opposites from the Clinton and Bush Administrations. Fewer people are working and more people have dropped out of the labor force. That is the tale of November 2011.

Unemployment for July 2011

Friday, August 5th, 2011

The slideshow illustrates the unemployment data for each July for the last decade, 2002 to 2011.

U.S. unemployment for June 2010

Monday, July 5th, 2010

The Bureau of Labor Statistics (BLS) has this to say about the employment / unemployment situation in June 2010:

In June, about 2.6 million persons were marginally attached to the labor force, an increase of 415,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.

Among the marginally attached, there were 1.2 million discouraged workers in June, up by 414,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.4 million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.

Click on the graph for a larger image.

GRAPH ONE:

Unemployment in the United States through June 2010

This graph shows the combination of people unemployed and those listed as discouraged from January 2008 through June 2010. This is the “true” unemployment rate since discouraged workers are no longer counted by the BLS as unemployed. Discouraged workers are no longer looking for work.

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GRAPH TWO:

Graph of U.S. unemployment from January 2008 through June 2009

This line graph shows the total “true” unemployment from January 2008 through June 2010 along with a line representing the trend for the period.

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GRAPH THREE:

True U.S. unemployment from January 2009 through June 2010

Graph three shows the same data as graph two, only in the period January 2009 through June 2010, President Obama’s current tenure. The trend line for the period is also shown.

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GRAPH FOUR:

Graph showing the last twelve months of true unemployment in the United States
The last twelve months are shown on this graph of the “true” unemployment in the United States, with a trend line.

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GRAPH FIVE:

Graph of true unemployment in the United States for 2010

This graph shows the “true” unemployment in the United States for the year 2010. The trend line appears flat, suggesting that unemployment may not change in the next several months.

Unemployment represents the people without jobs who are looking for work. “True” unemployment adds those people who have given up looking and are not employed – hence the term “discouraged”.

The number of discouraged workers is at its highest level since the category began being tracked in 1994. Here is a graph from the BLS website illustrating the situation.

BLS graph of numbers of discouraged workers 1994-2010

Record numbers of people no longer looking for work and not included in the unemployment figures touted by the Administration represents a serious economic issue, as well as a political one.

White House claim: On the Road to Recovery

Tuesday, June 15th, 2010

This is what our President has on the White House website as this story is written:

Here are some graphs that more accurately portray the road we’re on.

The graphs clearly show that the trend of “true” unemployment, the standard unemployment number plus the number of those who are discouraged and no longer looking for work, is not turning a corner. 2010 numbers show that there is still an increasing number of “true” unemployed despite the Census hirings.

The number of employed month to month means nothing if the number of unemployed does not go down.

Unemployment Numbers for October 2008

Friday, November 7th, 2008

From the Bureau of Labor Statistics

Total Civilian Work Force

graph showing 1980 to October 2008 of the

Nonfarm payroll employment fell by 240,000 in October, and the unemployment rate rose from 6.1 to 6.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. October’s drop in payroll employment followed declines of 127,000 in August and 284,000 in September, as revised. Employment has fallen by 1.2 million in the first 10 months of 2008; over half of the decrease has occurred in the past 3 months. In October, job losses continued in manufacturing, construction, and several service-providing industries. Health care and mining continued to add jobs.

Unemployment (Household Survey Data)

The unemployment rate rose by 0.4 percentage point to 6.5 percent in October, and the number of unemployed persons increased by 603,000 to 10.1 million. Over the past 12 months, the number of unemployed persons has increased by 2.8 million, and the unemployment rate has risen by 1.7 percentage points.

The unemployment rates for adult men (6.3 percent), adult women (5.3 percent), whites (5.9 percent), and Hispanics (8.8 percent) rose in October. The jobless rates for teenagers (20.6 percent) and blacks (11.1 percent) were little changed. The unemployment rate for Asians in October was 3.8 percent, not seasonally adjusted.

Among the unemployed, the number of persons who lost their job and did not expect to be recalled to work rose by 615,000 to 4.4 million in October. Over the past 12 months, the size of this group has increased by 1.7 million.

In October, the number of long-term unemployed (those jobless for 27 weeks or more) rose by 249,000 to 2.3 million. The long-term unemployed accounted for 22.3 percent of total unemployment. The newly unemployed–those who were jobless fewer than 5 weeks–increased by 212,000 to 3.1 million in October.

Total Employment and the Labor Force (Household Survey Data)

The civilian labor force participation rate (66.1 percent) and the employment-population ratio (61.8 percent) were little changed in October. Since a recent high in December 2006, the employment-population ratio has declined by 1.6 percentage points.

Unemployment Rate for All Races

graph showing 1980 to October 2008 of the Unemployment Rate for All Races

Unemployment Rate for Whites

graph showing 1980 to October 2008 of the Unemployment Rate for Whites

Unemployment Rate for Blacks

graph showing 1980 to October 2008 of the Unemployment Rate for Blacks

Unemployment Rate for Hispanics

graph showing 1980 to October 2008 of the Unemployment Rate for Hispanics