Tuesday, July 5, 2011

Some Employment Statistics from CR

[mEDITate-OR:
not remember that we have some "incoming"...
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CR starts the week with a table showing U.S. precisely where we are.
Later this week, when the weekly jobless report and the monthly jobs created report are out...
CR will show U.S. where we are now.
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Guesstimate =
still out there on the "L" shaped lack of recovery.
We will see.
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Said CR:
Since December 2007, the U.S. working age civilian population has increased by 6.157 million people - however the number of people saying the are in the labor force has actually declined.
Total nonfarm payrolls are still 6.94 million below the December 2007 level,
and private payrolls are 6.69 million lower.
the U.S. needs 6.94 million jobs, plus some percent of the increase in the labor force, to get back to the 2007 employment situation.
perhaps the most staggering number is the 6.2 million workers who have been unemployed for 27 weeks or more.
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Please, note:
That is from two (2) years before the election of Obama.
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Employment Statistics (Thousands or Percent)1
May-11Dec-07Change
Civilian noninstitutional population (16 and over)239,313233,1566,157
Civilian labor force153,693153,936-243
Total nonfarm Payroll131,043137,983-6,940
Private Payroll108,916115,606-6,690
Unemployment Rate9.1%5.0%4.1%
Unemployed13,9147,6646,250
Part-Time for Economic Reasons8,5484,6383,910
Marginally Attached to Labor Force22,2061,395811
Discouraged Workers2822363459
U-6 Unemployment rate315.8%8.8%7.0%
Unemployed for 27 Weeks & over6,2001,3274,873
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Some Employment Statistics
http://www.calculatedriskblog.com/2011/07/some-employment-statistics.html
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