Showing posts with label long term unemployment. Show all posts
Showing posts with label long term unemployment. Show all posts

Tuesday, August 08, 2017

Employment Situation: Total Unemployment July 2017

The latest Employment Situation report showed that in July “total unemployment” including all marginally attached workers went flat at 8.6% while the traditionally reported unemployment rate declined to 4.3%.

The traditional unemployment rate is calculated from the monthly household survey results using a fairly explicit definition of “unemployed” (essentially unemployed and currently looking for full time employment) leaving many workers to be considered effectively “on the margin” either employed in part time work when full time is preferred or simply unemployed and no longer looking for work.

The Bureau of Labor Statistics considers “marginally attached” workers (including discouraged workers) and persons who have settled for part time employment to be “underutilized” labor.

The broadest view of unemployment would include both traditionally unemployed workers and all other underutilized workers.

To calculate the “total” rate of unemployment we would simply use this larger group rather than the smaller and more restrictive “unemployed” group used in the traditional unemployment rate calculation.

Friday, June 02, 2017

Employment Situation: Unemployment Duration May 2017

Today's employment situation report showed that conditions for the long term unemployed generally worsened in May.

Workers unemployed 27 weeks or more increased to 1.663 million or 24.0% of all unemployed workers while the median term of unemployment declined to 10.4 weeks and the average stay on unemployment went flat at 24.7 weeks.



Friday, July 08, 2016

Employment Situation: Total Unemployment June 2016

Today's Employment Situation report showed that in April “total unemployment” including all marginally attached workers decreased to 9.6% while the traditionally reported unemployment rate went flat increased to 4.9%.

The traditional unemployment rate is calculated from the monthly household survey results using a fairly explicit definition of “unemployed” (essentially unemployed and currently looking for full time employment) leaving many workers to be considered effectively “on the margin” either employed in part time work when full time is preferred or simply unemployed and no longer looking for work.

The Bureau of Labor Statistics considers “marginally attached” workers (including discouraged workers) and persons who have settled for part time employment to be “underutilized” labor.

The broadest view of unemployment would include both traditionally unemployed workers and all other underutilized workers.

To calculate the “total” rate of unemployment we would simply use this larger group rather than the smaller and more restrictive “unemployed” group used in the traditional unemployment rate calculation.

Friday, June 03, 2016

Employment Situation: Unemployment Duration May 2016

Today's employment situation report showed that conditions for the long term unemployed generally improved in May.

Workers unemployed 27 weeks or more decreased to 1.885 million or 25.1% of all unemployed workers while the median term of unemployment declined to 10.7 weeks and the average stay on unemployment declined to 25.1 weeks.



Friday, November 07, 2014

Employment Situation: Unemployment Duration October 2014

Today's employment situation report showed that conditions for the long term unemployed were mixed in October while still remaining distressed by historic standards.

Workers unemployed 27 weeks or more declined to 2.916 million or 32.0% of all unemployed workers while the median term of unemployment increased to 13.7 weeks and the average stay on unemployment increased to 32.7 weeks.



Friday, April 04, 2014

Recovery-less Recovery: Unemployment Duration March 2014


Today's employment situation report showed that conditions for the long term unemployed improved in February while still remaining distressed by historic standards.

Workers unemployed 27 weeks or more declined to 3.739 million or 35.8% of all unemployed workers while the median term of unemployment declined to 16.3 weeks and the average stay on unemployment went declined to 35.6 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



On The Margin: Total Unemployment March 2014

Today's Employment Situation report showed that in March “total unemployment” including all marginally attached workers increased to 12.7% while the traditionally reported unemployment rate went flat at 6.7%.

The traditional unemployment rate is calculated from the monthly household survey results using a fairly explicit definition of “unemployed” (essentially unemployed and currently looking for full time employment) leaving many workers to be considered effectively “on the margin” either employed in part time work when full time is preferred or simply unemployed and no longer looking for work.

The Bureau of Labor Statistics considers “marginally attached” workers (including discouraged workers) and persons who have settled for part time employment to be “underutilized” labor.

The broadest view of unemployment would include both traditionally unemployed workers and all other underutilized workers.

To calculate the “total” rate of unemployment we would simply use this larger group rather than the smaller and more restrictive “unemployed” group used in the traditional unemployment rate calculation.

Tuesday, October 22, 2013

Recovery-less Recovery: Unemployment Duration September 2013


Today's employment situation report showed that conditions for the long term unemployed improved in September while still remaining distressed by historic standards.

Workers unemployed 27 weeks or more declined to 4.146 million or 36.9% of all unemployed workers while the median term of unemployment declined to 16.3 weeks and the average stay on unemployment increased to 36.9 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



Monday, September 09, 2013

SNAP Food Stamp Participation: June 2013

As a logical consequence of the prolonged economic downturn, participation in the federal food stamp program is continuing to rise.

The latest data released by the Department of Agriculture indicated that in June, 125,059 individual recipients were added to the food stamps program with the current total increasing 2.34% on a year-over-year basis.

Individuals receiving food stamp benefits increased to 47.76 million which, as a ratio of the overall civilian non-institutional population now stands at a whopping 19.45% of the population.

Households receiving food stamps benefits increased by 45,908 to 23.11 million households with the current total rising 3.01% above the level seen a year earlier

As participation continues to swell, so too has the total nominal benefit cost climbing 2.30% on a year-over-year basis to $6.34 billion for the month.

Monday, August 19, 2013

SNAP Food Stamp Participation: May 2013

As a logical consequence of the prolonged economic downturn, participation in the federal food stamp program is continuing to rise.

In fact, household participation has been climbing so steadily that it has dwarfed the last peak (which looks like a minor blip by comparison) set as a result of the immediate fallout following hurricane Katrina.

The latest data released by the Department of Agriculture indicated that in May, 86,720 individual recipients were added to the food stamps program with the current total still increasing 2.45% on a year-over-year basis.

Individuals receiving food stamp benefits increased to 47.63 million which, as a ratio of the overall civilian non-institutional population now stands at a whopping 19.41% of the population.

Households receiving food stamps benefits increased by 32,084 to 23.07 million households with the current total rising 3.29% above the level seen a year earlier

As participation continues to swell, so too has the total nominal benefit cost climbing 2.27% on a year-over-year basis to $6.32 billion for the month.

Friday, March 08, 2013

Recovery-less Recovery: Unemployment Duration February 2013


Today's employment situation report showed that conditions for the long term unemployed worsened notably in February while still remaining distressed by historic standards.

Workers unemployed 27 weeks or more increased to 4.797 million or 40.2% of all unemployed workers while the median term of unemployment increased to 17.8 weeks and the average stay on unemployment increased to 36.9 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



Friday, January 04, 2013

Recovery-less Recovery: Unemployment Duration December 2012


Today's employment situation report showed that conditions for the long term unemployed improved slightly in December while remaining notably distressed by historic standards.

Workers unemployed 27 weeks or more decreased to 4.766 million or 39.1% of all unemployed workers (the lowest level seen since November 2009) while the median term of unemployment dropped to 18.0 weeks and the average stay on unemployment declined to 38.1 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



On The Margin: Total Unemployment December 2012

Today’s Employment Situation report showed that in December “total unemployment” including all marginally attached workers went flat at 14.4% while the traditionally reported unemployment rate also went flat at a revised 7.8%.

The traditional unemployment rate is calculated from the monthly household survey results using a fairly explicit definition of “unemployed” (essentially unemployed and currently looking for full time employment) leaving many workers to be considered effectively “on the margin” either employed in part time work when full time is preferred or simply unemployed and no longer looking for work.

The Bureau of Labor Statistics considers “marginally attached” workers (including discouraged workers) and persons who have settled for part time employment to be “underutilized” labor.

The broadest view of unemployment would include both traditionally unemployed workers and all other underutilized workers.

To calculate the “total” rate of unemployment we would simply use this larger group rather than the smaller and more restrictive “unemployed” group used in the traditional unemployment rate calculation.

Friday, July 06, 2012

Recovery-less Recovery: Unemployment Duration June 2012

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Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed generally improved in June but remained epically distressed by historic standards.

Workers unemployed 27 weeks or more declined to 5.370 million or 41.9% of all unemployed workers while the median number of weeks unemployed declined to 19.8 weeks and the average stay on unemployment climbed to 39.9 weeks.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



Friday, April 06, 2012

Recovery-less Recovery: Unemployment Duration March 2012

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed improved in March but remained epically distressed by historic standards.

Workers unemployed 27 weeks or more declined to 5.308 million or 42.5% of all unemployed workers while the median number of weeks unemployed declined to 19.9 weeks and the average stay on unemployment declined to 39.4 weeks, the highest level ever recorded.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



Friday, December 02, 2011

Recovery-less Recovery: Unemployment Duration November 2011

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed were mixed in November and remained epically distressed by historic standards.

Workers unemployed 27 weeks or more declined to 5.691 million or 43% of all unemployed workers while the median number of weeks unemployed increased to 21.6 weeks and the average stay on unemployment increased to 40.9 weeks, the highest level ever recorded.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.



Friday, November 04, 2011

Recovery-less Recovery: Unemployment Duration October 2011

Be sure to bookmark the "Scary Unemployment Dashboard"... it's live.

Today's employment situation report showed that conditions for the long term unemployed improved in October and remained epically distressed by historic standards.

Workers unemployed 27 weeks or more declined to 5.876 million or 42.4% of all unemployed workers while the median number of weeks unemployed declined to 20.8 weeks and the average stay on unemployment declined to 42.4 weeks, a new high for the series.

Looking at the charts below (click for super interactive versions) you can see that today’s sorry situation far exceeds even the conditions seen during the double-dip recessionary period of the early 1980s, long considered by economists to be the worst period of unemployment since the Great Depression.