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Jumat, 07 Oktober 2011

Envisioning Employment: Employment Situation September 2011

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Today’s Employment Situation Report showed that in September, net nonfarm payrolls increased slightly from August with private nonfarm payrolls adding 137,000 jobs and the unemployment rate remaining flat at 9.1% over the same period.

Net private sector jobs increased 0.13% since last month climbing 1.65% above the level seen a year ago but but remained a whopping 5.41% below the peak level of employment seen in December 2007.

Jumat, 08 Juli 2011

Envisioning Employment: Employment Situation June 2011

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Today’s Employment Situation Report showed that in June, net nonfarm payrolls increased only slightly rising just 18,000 from May while private nonfarm payrolls added a just 57,000 and the unemployment rate edged up to 9.2% over the same period.

Net private sector jobs increased just 0.05% since last month climbing 1.58% above the level seen a year ago but but remained a whopping 5.75% below the peak level of employment seen in December 2007.

Recovery-less Recovery: Unemployment Duration June 2011

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Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed worsened notably in June while remaining epically distressed by historic standards.

Workers unemployed 27 weeks or more jumped to 6.28 million or 44.4% of all unemployed workers while the median number of weeks unemployed increased to 22.5 weeks and the average stay on unemployment surged to 39.9 weeks, a new high for the series.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



Jumat, 03 Juni 2011

Envisioning Employment: Employment Situation May 2011

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Today’s Employment Situation Report showed that in May, net nonfarm payrolls increased only slightly rising just 54,000 from April while private nonfarm payrolls added a just 83,000 and the unemployment rate edged up to 9.1% over the same period.

Net private sector jobs increased just 0.08% since last month climbing 1.61% above the level seen a year ago but but remained a whopping 5.79% below the peak level of employment seen in December 2007.