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A Surprising Statistic About The Long-Term Unemployed (Breaking them down by education)
Business Insider ^ | 05/05/2012 | Joe Weisenthal

Posted on 05/05/2012 6:18:30 AM PDT by SeekAndFind

Pew is out with a new study (.pdf) about the long-term unemployed in America.

The long-tern unemployed are people who have been unemployed at least a year, and as you can see (and as you should know by know), the scale of the problem these days is way bigger than it has been during any other period over the last half a century.

Click the chart to enlarge.

chart

What's interesting is that the population that makes up the long-term unemployed is very different than the unemployed population as a whole.

Check out this breakdown of the unemployed and long-term unemployed by level of education.

image

Pew

Those who have just a high-school diploma, or less than a high-school diploma are vastly over-represented among the unemployed (the red bar) but among the long-term unemployed (the blue bars), they're rather under-represented. In fact, the Less Than High-School category is the lowest among the long-term unemployed.

The answer to that can be explained by this chart, probably, which shows the age of the long-term unemployed.

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: charts; education; jobs; unemployed; unemployment

1 posted on 05/05/2012 6:18:33 AM PDT by SeekAndFind
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To: SeekAndFind

My niece is on her third round of government paid schooling.
Hey why not, education paid
Cash assistance, food stamps, transportation assistance etc, etc, etc.


2 posted on 05/05/2012 6:23:13 AM PDT by netmilsmom (I am Breitbart)
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To: SeekAndFind

bookmark


3 posted on 05/05/2012 6:24:18 AM PDT by DocRock (All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
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To: SeekAndFind

The Obama Revolution.


4 posted on 05/05/2012 6:28:45 AM PDT by the invisib1e hand
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To: SeekAndFind

This is why some liberals want to make a college degree free for all citizens.

What they do not realize is that the value of a college degree is declining over time because the education received is less useful to our eocnomy.


5 posted on 05/05/2012 6:29:49 AM PDT by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: SeekAndFind
Insightful comment at the article:

"Interesting -- but not very useful.

To see where our employment meltdown is taking us, you need to look at trends in labor participation rates, by increasing education and by increasing age. I did, and both are falling.

In other words, the percent of people with little or no education who have jobs is increasing -- while the percent of highly educated, employed with high paying jobs, is decreasing. The same applies to seniors and their cohorts. Both trends have been in place for a while – and are increasing.

It's what you'd expected for an economy that better rewards the relatively unproductive labors of financing, educating, litigating, and nursing than of actually DOING the productive, high value-added labor needed to generate at least as much, or more, economic wealth than we consume as a nation.

There’s no way to recover that high value added labor – sufficient to our nation’s consumption – without corresponding changes to the roles, goals and rewards our economy offers. As long as capital accumulation, control and intermediation is better rewarded than its productive investment and use – we’ll continue to see less of the latter and more of the former – until our National saving go too far negative to continue their descent. "

6 posted on 05/05/2012 6:38:50 AM PDT by Paladin2
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To: SeekAndFind

Advanced Degrees in worthless, uncompensated studies are prone to make people not only unemployed, but broke and unemployable. Get your doctorate in Lesbian Women’s Culture on someone else’s dime.


7 posted on 05/05/2012 6:53:25 AM PDT by IronJack (=)
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To: Paladin2

An aging population demands caregivers - a low skill job. Even at the lowest point of the recession, the nursing homes and retirement communities I see needed nursing assistants, caregivers and housekeeping staff. Except the CNA, all low skill.


8 posted on 05/05/2012 6:53:53 AM PDT by tbw2
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To: SeekAndFind

5 distinct categories represented by percentage and just eyeballing it i get about 150%.
What am i doing wrong?


9 posted on 05/05/2012 6:58:24 AM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: wiggen

^

^5

I thought it looked strange but didn’t try to figure it up like you did.

Good catch

But I can see why more educated people would be long term unemployed. The jobs available are much lower paying jobs and I htink the natural and understandable view is that taking a much lower paying job would hurt the chances of getting a job similar to what they has.
The sad reality is those kinds of jobs are not likely coming back.

I don’t know the answer


10 posted on 05/05/2012 7:04:43 AM PDT by RWGinger (Simpl)
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To: tbw2

Yabut, till then (assisted care) there are number of high skilled, “seasoned” producers who are no longer helping to pull the wagon.


11 posted on 05/05/2012 7:07:11 AM PDT by Paladin2
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To: wiggen
"What am i doing wrong?"

That part of the plot was a WTF? for me too.

12 posted on 05/05/2012 7:08:12 AM PDT by Paladin2
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To: wiggen

I was going to make the same point. 5 categories. Each is supposed to make up 30% or so of the overall unemployed. Perhaps they are double-counting those who have “all of the above” or something.

Any way you slice it, they are manipulating statistics to make a point. What did Twain say? “Lies, damned lies, and statistics”?


13 posted on 05/05/2012 7:09:54 AM PDT by Stegall Tx (Living off your tax dollars can be kinda fun, but not terribly profitable.)
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To: Stegall Tx

There is no manipulation just an unclear labelling of the long term unemployed bar. I believe it should read % of unemployed in that category who are long term unemployed. The chart indicates that it is essentially the same regardless of level of education.


14 posted on 05/05/2012 7:23:18 AM PDT by bjc (Check the data!!)
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To: SeekAndFind

According to the grey bars, the “recession” ended in early 2009. IMO, that bar should be beyond 2011.


15 posted on 05/05/2012 7:40:39 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: Stegall Tx; wiggen

The way I read the chart is that those with advanced degrees have about 4% unemployment, and that 30+% OF THE ADVANCED DEGREE UNEMPLOYED are long term unemployed.


16 posted on 05/05/2012 7:47:16 AM PDT by PapaBear3625 (In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell)
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To: SeekAndFind
Reaganomics...............Make​ MILLIONS working in your garage. obamanomics..............Live on welfare in your moms garage.
17 posted on 05/05/2012 7:51:40 AM PDT by weezel
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To: Erik Latranyi
What they do not realize is that the value of a college degree is declining over time because the education received is less useful to our eocnomy.

True, for some college degrees but not all. Read this from a Daily Trojan (USC) article: Engineering unemployment rate drops

"The unemployment rate for recently graduated undergraduate engineering students dropped from 6.4 percentage points in 2009 to 2 percent in 2011."

Get yourself a degree in a good solid technical field and you can still find a good job. Study some mushy lib curriculum and you will find yourself without any job skills at all.

18 posted on 05/05/2012 7:58:39 AM PDT by InterceptPoint (TIN)
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To: SeekAndFind
A remarkable chart that demonstrates we are in uncharted waters. We have some very dangerous structural issues affecting our economy that go beyond partisan politics.


19 posted on 05/05/2012 8:21:17 AM PDT by kabar
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To: Erik Latranyi
The average high school graduate in the 1930s was probably better educated in basic subjects than the average college graduate today (of course there are some fields, especially in science and technology, where there is a lot more to learn than was known in the 1930s). Having a college diploma doesn't mean a person knows basic grammar and punctuation any more.

As college attendance has become more widespread, the level of performance expected from the students has gone down. Of course this is not true everywhere--there are still demanding colleges.

20 posted on 05/05/2012 8:45:08 AM PDT by Verginius Rufus
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To: SeekAndFind

Business and government conspired to move manufacturing mostly to Communist China for cheap labor and high near-term profits for CEOS and some stockholders.

A nation that closes factories and mines in favor of service jobs is headed to dependency at best and collapse at worst.

Even Reagan tried to sell us the BS that the economy would be fine as America moved from the smokestack era to the service economy .He and others claimed it was no more troubling than the earlier shift from an agricultural based nation to a manufacturing one;except they were wrong. The farmers and the factory workers both added great value to raw materials,whereas service workers just shift the existing wealth from place to place.

A janitor keeps the factory cleaner and therefore safer but a factory with nothing but janitors (or managers) will soon close.

If the factories had increased their output per worker in the ratio as did the farmers then the loss of factory jobs would be less troubling as the money would still be circulating in America not going to China.

That America has literally no domestic electronics industry, and a host of others gone is the problem.And the demise of American industry can be blamed on bad public policies.


21 posted on 05/05/2012 8:52:01 AM PDT by hoosierham (Freedom isn't free)
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To: SeekAndFind
On the one hand we have right wing globalists, whose loyalty lies with corporate balance sheets and share price by far and away over the viability of their own nation, that made their wealth accumulation possible. They'd sell their own mother for a price. Unfettered influx of unskilled labor is cheered and rewarded, laws be damned and societal costs, what's that? So long as they're profiting what's to complain about, you fringe nativist whiners? You're overpaid, go to trade school or something.

On the other, you have left wing globalists who hate the very idea of America and Americans, and the concept of national borders as a whole. Destroying wide swathes of industry and employment is just dandy for them, all the more government dependency, all the less vested more and more become, bringing their evergreen hope of Revolution!, which has been just around the corner to then for my entire life, just a little closer, increment by increment.

The two are involved in s symbiotic relationship, and the object of their machinations is the American middle class, the working people just wanting a stable, safe environment to live out their lives, something better to leave their children, a brighter future, or at least one as bright as the future they had themselves.

Birds of prey, carrion birds, the lot of them, circling, circling. The stupidity is far greater among the putative conservatives in that crowd. I hope they enjoy their extra pennies for the short while they'll be permitted that luxury, the self absorbed fools.

22 posted on 05/05/2012 8:53:18 AM PDT by RegulatorCountry
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To: RegulatorCountry

On the one hand we have right wing globalists, whose loyalty lies with corporate balance sheets and share price by far and away over the viability of their own nation, that made their wealth accumulation possible. They’d sell their own mother for a price. Unfettered influx of unskilled labor is cheered and rewarded, laws be damned and societal costs, what’s that? So long as they’re profiting what’s to complain about, you fringe nativist whiners? You’re overpaid, go to trade school or something.
On the other, you have left wing globalists who hate the very idea of America and Americans, and the concept of national borders as a whole. Destroying wide swathes of industry and employment is just dandy for them, all the more government dependency, all the less vested more and more become, bringing their evergreen hope of Revolution!, which has been just around the corner to then for my entire life, just a little closer, increment by increment.


Great summation. You nailed it!


23 posted on 05/05/2012 9:01:48 AM PDT by bytesmith
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To: bytesmith

Been a Technical writer for the past 12yrs. involved mostly in mfg.

Laid off for >2yrs now. Can’t find any related work.

So I enrolled in medical coding (in demand). You wouldn’t believe what hoops the gov’t is making Drs jump through!


24 posted on 05/05/2012 10:18:56 AM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: SeekAndFind
This is too obvious. The more pertinent, specilized skill and training you have, the less competition you will face for any given job opening. The less competition, the sooner you are selected for a position.

So if registered nurse or registered professional engineer loses their job, they go back into the job hunt facing a tiny sliver of competition from just new and experienced registered people in their field. When a bank clerk or tax preparer loses his job, he has to compete with every young, attractive competitor with a gift of gab that is showing drive and hustle. Good luck competing with that. Wouldn't you rather have a masters degree in Chemical Engineering or Environmental Science? I know I would.


25 posted on 05/05/2012 12:27:02 PM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: PapaBear3625

Says long term unemployed as a percentage of the total unemployed. The pool is the unemployed. those are all percentages of that pool.


26 posted on 05/05/2012 1:41:40 PM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: bjc

So 30% of all those categories are unemployed long term? Then unemployment would be 30%. They cover every educational level.


27 posted on 05/05/2012 1:43:27 PM PDT by wiggen (The teacher card. When the racism card just won't work.)
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To: wiggen
Looking in the pdf, the label associated with that chart says "Total Unemployed and Long-Term Unemployed Within Each Education Category, Quarter 1, 2012".

The only interpretation that makes sense is that the long-term unemployed figure is the percent of unemployed within the category which is long-term.

28 posted on 05/05/2012 1:50:55 PM PDT by PapaBear3625 (In a time of universal deceit, telling the truth is a revolutionary act. - George Orwell)
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To: RegulatorCountry; bytesmith
On the one hand we have right wing globalists ... On the other, you have left wing globalists

Too simplistic.

What you describe in not "right" vs. "left." It is all "left." Whether it is pure socialism -- government ownership + government control = Communism, or Fascist derivatives of socialism like, say, Naziism -- nominally private/corporatist welfare, by definition these are all manifestations of degrees of "leftism."

Constitional republican democracy is the "right." WE are "The Right".

Your model provides no opposition to leftism, only leftism as a "given."

Global trade where the US is the most dominant player on the block is what we had post WWII and for a generation therafter. Almost lost that position with Carter 1977 -1981. Reasserted American dominance when we won the Cold War and new representative capitalisitic democracies emerged in the 1990's everywhere.

China's revolution in Tiannmen Square in 1990 signaled to them what captalistic "animal spirits" were out there that would eventually topple the Commies for sure and for good unless they compromised in a Fascistic direction, which is what passes for Capitalism in China today.

America was en route to paying down its debt, 1994 - 2001. Deficits were shrinking. Keyenian economics of debt fueled prosperity was being turned on its ear when Bush II ascended to power -- peace dividend per Reagan, and dissolution of the USSR and all that.

Then 9-11 happened and a war footing that has been in motion for 11 years following. Bush II in war and failing to defend his actions and unable to make his case for it by 2006 Congress flips Congress The(D)'s ascend in both Houses of Congress in 2007, and there is the beginning of the end of post-Cold War debt retirement.

The powers behind powers couldn't have an America ascending higher even as it was now steadily paying down its debt, when it has been the intention of those same powers to have a one-world economy which knows no borders and is dominated only by a select group of shadowy power brokers.

Debt catching up (Fannie & Freddie), a $5T rug pulled out from under the US economy over night on September 18, 2008 by power brokers -- still not yet fully ID'd, and $1B untraceable foreign money poured into a Dem campaign gave us Obama.

Obama's handlers have done all they can to make sure we become more indebted to economies of China and EU, bailing out obligations of the EU through TARP (i.e., $1T US debt to cover losses while Goldman Sachs gobbled thing up and Bear Stearn fails) and PIIGS debt crisis management -- hence $5T in debt in the space of 3.5 years, socialistic Obamacare rammed down our throats to make certain we are never as competitve an economy as we once were.

WE are the RIGHT. We are at a turning point where we are forever to be indebted to European banks, and Fascist US economy trading with Fascist Chinese and EU trading big boys sending all their risks to the plebian taxpayers, monoploists and environmentalists screwing our asses to the wall as the sheiks jack up the oil to influence ME policy,...

OR, WE the RIGHT decide to throw out the bastards this fall, take down the oil monopoly, and the banking slavers and remake America into the beacon of freedom it was founded to be.

FReegards!


29 posted on 05/05/2012 1:55:37 PM PDT by Agamemnon (Darwinism is the glue that holds liberalism together)
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To: wiggen

I agree with you. There is something wrong here.

I suspect the title should be “Percent of Longterm Unemployed within Category” but if that is what it is, then the chart is a “So what?” All categories are 30%+/-5%


30 posted on 05/05/2012 6:19:45 PM PDT by super7man
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