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Saturday, June 06, 2009

It is tough...

Interesting data in the following article...
The key point that is not mentioned is that these are all "estimates" by the DOL, using several fudged numbers...

Meltdown 101: Unemployment by the numbers


MISERY LOVES COMPANY

14.5 million: People unemployed in May 2009, the most ever in records dating to 1948

12.1 million: People unemployed in December 1982, the record before the current downturn

9.4 percent: Unemployment rate in May 2009

10.8 percent: Unemployment rate in December 1982, the highest since World War II

August 1983: Last time the unemployment rate was higher than the current level

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WHERE THE JOBS ARE

44,000: Number of jobs added in May in education and health services, one of only two broad job categories — out of seven — where the number of jobs went up

3,000: Number of jobs added in leisure and hospitality, the other category to add jobs

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GETTING BETTER (SORT OF)

59,000: Construction jobs lost in May

117,000: Average monthly loss of construction jobs in the previous six months

7,000: Temporary jobs lost in May

73,000: Average monthly loss of temp jobs in the previous six months

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JOBLESS FOR MONTHS

3.95 million: The number of people unemployed for 27 weeks or longer

1.32 million: The number unemployed for that long in December 2007, when the recession began

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UNDEREMPLOYED

9.1 million: Number of part-time workers who would have preferred full-time work last month

2.2 million: People without jobs who wanted to work, were available and had looked in the last 12 months, but had not looked in the last month.

16.4 percent: Unemployment rate if you include involuntary part-time workers and those without jobs who hadn't looked for work in 12 months — the highest in records dating to 1994

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MAY UNEMPLOYMENT RATE BY GROUP

9.8 percent: Adult men

7.5 percent: Adult women

11 percent: Female heads of households

6.7 percent: Asians

8.6 percent: Whites

12.7 percent: Hispanics

14.9 percent: Blacks

22.7 percent: Teenagers

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