Tuesday, July 6, 2010

Employment 101: Factories, temp firms cut hiring + Economy 101: Long recovery road tougher for some

[mEDITate-OR:
forget to see the very interesting economic summaries...

For most of this economic crisis AP has been running a series of articles that are mostly numbers. But, they are numbers that you will very hard to find anywhere else shown together or as cleanly.

And, they are very well chosen to make some very interesting points. Sadly, they do not explain to U.S. what the points are..., we have to "SEE" them for ourselves.

You are welcome to do so...

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If you do a Google or Yahoo search, you, too, can see a real treasure trove of data.
However, the best results appear to be for either "Economy 101" or for
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Employment 101: Factories, temp firms cut hiring
http://news.yahoo.com/s/ap/20100702/ap_on_bi_ge/us_economy101_unemployment_by_the_numbers_1

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HIRING STUMBLES

83,000: Private-sector jobs added in June
33,000: Private-sector jobs added in May
241,000: Private-sector jobs added in April
158,000: Private-jobs added in March

BUT UNEMPLOYMENT RATE FALLS

9.5 percent: Unemployment rate in June
9.7 percent: Unemployment rate in May
9.9 percent: Unemployment rate in April

AS WORKFORCE DECLINES

652,000: People who left labor force in June
322,000: People who left in May

STILL LOOKING

45.5 percent: Proportion of unemployed out of work six months or longer, down slightly from record high in May
35.2 weeks: Average length of unemployment in June, a record
6.7 million: Number of people jobless for six months or longer
1.3 million: Number unemployed for that long in December 2007, when the recession began

UNDEREMPLOYED

8.6 million: Number of part-time workers who would have preferred full-time work
2.6 million: People without jobs who want to work but have stopped looking
16.5 percent: "Underemployment" rate in June if you include the above two categories
17.4 percent: Underemployment rate in October 2009, the highest on record dating to 1994

JUNE UNEMPLOYMENT RATE BY GROUP

9.9 percent: Men
7.8 percent: Women
12.1 percent: Female heads of households
7.7 percent: Asians
8.6 percent: Whites
12.4 percent: Hispanics
15.4 percent: Blacks

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Economy 101: Long recovery road tougher for some
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OVERALL HIRING PICKS UP

431,000: Jobs added in May, fifth consecutive month and largest monthly gain in a decade
290,000: Jobs added in April
208,000: Jobs added in March

PRIVATE SECTOR SLOWS

41,000: Private sector jobs added in May
218,000: Private sector jobs added in April
158,000: Private sector jobs added in March

GOVERNMENT JOBS SURGE

390,000: Government jobs added in May, reflecting big jump in temporary census workers.
72,000: Government jobs added in April
50,000: Government jobs added in March

UNEMPLOYMENT RATE FALLS

9.7 percent: Unemployment in May, compared to high of 10.1 percent in October
9.9 percent: Unemployment rate in April
9.7 percent: Unemployment rate in March

UNEMPLOYMENT RATE BY DEMOGRAPHIC GROUPS

BLACKS: 15.5 percent
HISPANICS: 12.4 percent
WHITES: 8.8 percent
ASIANS: 7.5 percent
ADULT MEN: 9.8 percent
ADULT WOMEN: 8.1 percent
TEENAGERS: 26.4 percent

WHERE THE JOBS ARE

412,000: Jobs added in federal government
29,000: Jobs added in manufacturing
22,000: Jobs added in professional and business services
17,000: Jobs added in education and health services

WHERE THE JOBS ARE NOT

-35,000: Jobs lost in construction
-15,000: Jobs lost in state government
-12,000: Jobs lost in financial services
-7,000: Jobs lost in local government
-6,600: Jobs lost in retail trade
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