Statistics Behind A Jobloss Recovery

Congressman Frelinghuysen e-mailed the statistics below that are behind our jobloss recovery. 

 

The original message brought many personal accounts like two from one member alone - "I remember when I was in first grade, in Rahway, walking to school a distance of approximately one mile.  (Forty years ago we walked to school.)  In that one mile I passed Purolator Oil Filter, Merck, Virginia Barrel, Regina, and dozens more.  The corporate parking lots were filled with cars.  I remember being late for first grade and the Nuns would crack my knuckles because I stopped to watch a big truck back into the loading dock.  Today, these companies are gone.  The liberals were successful of ridding this country of the evil corporations that make things and have greasy by products.  In this country we cannot have a company that creates smoke or dirt.  My heart goes out to the kids in grammar school who will never know the joy of watching an 18 wheeler back into the loading dock or the fun walking to school with their buddies.  If we have no evil corporations, surprise surprise, we have no jobs."

 

A later thought from the same member - "Doug:  It wasn't that many years ago we always understood that our best days were ahead of us...funny how we don't hear that tune in a jobloss recovery."

15,700,000:  Americans unemployed and looking for work—the highest number ever.  Since the President signed the trillion dollar "stimulus" in February, the number of unemployed Americans has increased by nearly three million.

190,000:  Individuals whose jobs were eliminated in October.

1,737,000:  People unemployed in October because they have been laid off.

2,804,000:  Jobs lost since the "stimulus" was signed in February.

9,284,000: People who are working only part-time because they cannot find full time employment.

2,373,000:  People who want work, but who are not currently looking because of the state of the economy.  

5,594,000:  People unemployed and searching for work for more than 27 weeks—the highest level ever.

1,090,000:  Job seekers that are new entrants to the workforce and have yet to find a job.

26.9:  Average number of weeks job seekers are unemployed after losing their jobs—the highest number since the statistic was first recorded in 1948. 

27.6%:  Unemployment rate among job seekers between the ages of 16 and 19—the highest level since the statistic was first measured in 1948.

15.7%:  Unemployment rate among African Americans—the highest level since 1985.

13.1%:  Unemployment rate among Hispanics and Latinos. 

17.5%:  Rate of underemployment, accounting for the unemployed and those who are unable to find adequate work. 

15.5%:  Unemployment rate among job seekers without a high school degree.

 

65.1%:  Rate of the U.S. population in the workforce.