Saturday, October 9, 2010

Economy 101: How unemployment varies across groups = US lost 95,000 in September +64,000 in private sector -159,00 in public sector Broad unemployment rate jumps to 17.1%

[mEDITate-OR:
not see the various different views of the same numbers...


What is very telling to U.S. is that WHEN you start the chart shows U.S. a very different picture of where we are. And, what most chart show U.S. is that we ARE stuck in an "L" shaped jobless recovery.
The Gallup chart is different, for two reasons: 1st it claims that the UI rate is higher than anyone else does and 2nd it is being used by Faux News to show U.S. that we are worse off than even they claimed we are.
Below that "politically incorrect" chart is the AP summary of WHO is most affected by unemployment. While all of U.S. are equally is this mess, some of U.S. are in much worse shape than others.
What that list does NOT tell you is WHERE those people live.
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JOBLESS
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chart_jobs_101007.top.gif
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Gallup unemployment figures
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UNEMPLOYMENT RATE BY GROUP:
(Numbers in percentages)
White: 8.7
Black: 16.1
Hispanic: 12.4
Asian: 6.4
Adult men: 9.8
Adult women: 8
Teenagers: 26
20-24 years old: 14.8
25-54 years old: 8.7
55 and over: 7.2
No high school diploma: 15.4
High school graduates: 10
Some college: 9.1
College graduates: 4.4
DURATION OF UNEMPLOYMENT
Average length (weeks): 33.3
Jobless 6 months or more (pct.) : 41.7
JOB CHANGES BY SECTOR:
(number of jobs)
Private employers: 64,000
Government: -159,000
Manufacturing: -6,000
Construction: -21,000
Retail: 5,700
Financial activities: -1,000
Temporary help: 16,900
Health care: 32,000
Restaurants and bars: 34,000
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Economy 101: How unemployment varies across groups
http://news.yahoo.com/s/ap/20101008/ap_on_bi_ge/us_economy101_unemployment_by_the_numbers
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US lost 95,000 in September +64,000 in private sector
-159,00 in public sector = Broad unemployment rate jumps to 17.1%
http://www.finfacts.ie/irishfinancenews/US_economy/article_1020752_printer.shtml
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