Note that all numbers are current as of September 4, 2009. TOTAL JOBS LOST DURING THE RECESSION: 6.9 MILLION – New jobs needed per month to keep up with population growth: 127,000 – Jobs lost in August 2009: 216,000 – Jobs needed to regain pre-recession unemployment levels: 9.4 million – Manufacturing jobs lost since the start of the recession: 2.0 million (14.6% of sector’s jobs) – Construction jobs lost in the recession: 1.4 million (19%, nearly one in five construction jobs) – Mass layoffs (50 or more people by a single employer) in July 2009: 2,157; jobs lost: 206,791 UNEMPLOYMENT RATE: 9.7% — Number unemployed: 14.9 million (up from 7.5 million in December 2007) — Underemployment rate: 16.8%; Share of workers un- or underemployed: roughly 1 in 6 — Under- and unemployed, marginally attached and involuntary part-time workers: 26.4 million — Unemployment rate, ages 16 to 24: 18.2% — Male unemployment: 10.9%; female unemployment: 8.2% — White unemployment: 8.9%; black unemployment: 15.1%; Hispanic unemployment: 13% — Unemployment rate, young college graduates: 5.9% (2nd worst on record); Worst recorded unemployment rate for young college graduates: 6.2% (1983) […]
Tuesday, September 8th, 2009
Labor Day By The Numbers
Author: ANNA TURNER
Source: Economic Policy Institute
Publication Date: 12:01 Friday 4 September 2009
Link: Labor Day By The Numbers
Source: Economic Policy Institute
Publication Date: 12:01 Friday 4 September 2009
Link: Labor Day By The Numbers
Stephan: On this labor day, here is a picture of what America has become. This is how the middle class is being destroyed.