Meltdown 101: Unemployment By The Numbers

The Oakland Press ^ | June 6, 2009 | Christopher Rugaeber

[Diana in Wisconsin]

MISERY LOVES COMPANY

14.5 million: People unemployed in May 2009, the most ever in records dating to 1948

12.1 million: People unemployed in December 1982, the record before the current downturn

9.4 percent: Unemployment rate in May 2009

10.8 percent: Unemployment rate in December 1982, the highest since World War II

August 1983: Last time the unemployment rate was higher than the current level

———

WHERE THE JOBS ARE

44,000: Number of jobs added in May in education and health services, one of only two broad job categories — out of seven — where the number of jobs went up

3,000: Number of jobs added in leisure and hospitality, the other category to add jobs

———

GETTING BETTER (SORT OF)

59,000: Construction jobs lost in May

117,000: Average monthly loss of construction jobs in the previous six months

7,000: Temporary jobs lost in May

73,000: Average monthly loss of temp jobs in the previous six months

———

JOBLESS FOR MONTHS

3.95 million: The number of people unemployed for 27 weeks or longer

1.32 million: The number unemployed for that long in December 2007, when the recession began

———

UNDEREMPLOYED

9.1 million: Number of part-time workers who would have preferred full-time work last month

2.2 million: People without jobs who wanted to work, were available and had looked in the last 12 months, but had not looked in the last month.

16.4 percent: Unemployment rate if you include involuntary part-time workers and those without jobs who hadn’t looked for work in 12 months — the highest in records dating to 1994

[The Sons of Liberty]

0bammy's socialism ain't cutting it! The Usurper HAS TO GO!

As one of his treasonous buddies said:

It's the economy, stupid!

[ClearCase_guy]

I saw a report on CNN in which they were positively giddy about the latest numbers -- because, you know, the numbers could have been so much worse. They were full of praise for Obama's economic leadership.

[Bean Counter]

And the AP and NBC News are out there telling people nearly every day that the end of the recession is in sight....why, it’s almost over now, and things will be just peachy by Christmas...

[Daisyjane69]

hey ladybug, chew on these for a while:

http://zerohedge.blogspot.com/2009/06/payroll-data-in-perspective.html In other words, if we all agree a full-time worker is 40 hrs a week, the real number is 927,000 !!!

and the charts contained in this post will surely grab anyone’s attention:

http://zerohedge.blogspot.com/2009/06/futile-task-of-projecting-unemployment.html

[Don Corleone]

things will be just peachy by Christmas...

Kawanza 2018 maybe....if Bambi and the libtards get dethroned.

[wny]

you're right. unemployment rate was expected to be 9.6%. it came in at 9.4%. what's that translate into..?? let's say 50,000 jobs that weren't lost. THAT'S 50,000 JOBS SAVED! ANOTHR OBAMA MIRACLE.

But wait!! 75,000,000 million people didn't get laid off the month before either! So that's 75,050,000 jobs saved! And even if next month 500,000 jobs are lost - that'll mean 74,500,000 weren't it!!!!!!! Add that in and we have 149,550,000 jobs saved!!!!!!!!!!

So at this rate the great and powerful Obz will save over 500,000,000 million jobs in the first year of his reign!!!!!!!!!!!

Obama's a genius!! His policies are working!!!!Oh the thrill up my leg!!!!!!!!

[FrogMom]

Obama's a genius!! His policies are working!!!!Oh the thrill up my leg!!!!!!!! *fans wny* Calm, love! ;)

[GOPJ]

Just imagine what the headlines would be like if a Republican was President during this kind of meltdown.

It sure wouldn’t be any of this, “not as bad as it could have been” crap...

[GOPJ]

9.4 percent: Unemployment rate in May 2009 10.8 percent: Unemployment rate in December 1982, the highest since World War II

But Obama's a GOD - a GOD -( according to Newsweek...)

[Rippin]

We have a society where a smaller and smaller portion of the adult population is worth having on staff. I work at a midsized company with about 3K employees. At least 10% of them add nothing. I wouldn’t pay them a dime an hour to be there. 10% unempployment is probably the new ‘full’ employment from a productivity perspective.

[blam]

"At least 10% of them add nothing."

You're being too generous.

[Vaduz]

14.5 million: People unemployed in May 2009,Obama said he has a plan and it’s working,what was his college grades again?

[Diana in Wisconsin]

“...and things will be just peachy by Christmas...”

I’m in Retail. ‘Christmas 2009’ is going to make ‘Christmas 2008’ look like a business model success story! Grrrrrrr!

[Diana in Wisconsin]

Wow! Great blog. Thanks for the link; bookmarked! :)

[Diana in Wisconsin]

10%? You ARE being generous, LOL!

We’re shedding the dead wood at work too, and Thank Heavens! Finally! A very valid reason to be rid of them!

Husband has an IT consulting business and you wouldn’t believe the number of calls he’s getting from new customers asking him to come ‘fix’ what some recently unemployed ‘Johnny Come Lately’ has done to their computer. (Two calls today, alone, both for lost data.)

Everyone is hanging out their shingle (can’t blame them) but seriously; these are the people companies SHED, and with obvious reason.

Oh, Boy! Here come the Hard Luck stories from IT FReepers!

*Ducking* ;)

[Diana in Wisconsin]

Snarky and silly, but applicable. ;)