Unemployment
Schiff: We Have Less Unemployment, Only if You’re a Part-Time Bartender or a Waitress
On Friday, the Non Farm Payroll jobs numbers came out. There were 210,000 jobs added and the unemployment rate went down to 5.8% from 5.
Highly educated, unemployed and tumbling down
In the upside-down, topsy-turvy world of jobs these days, even an advanced degree can’t protect some Americans from tumbling down the economic ladder. The conventional wisdom that more education bears fruit in the labor market gets turned on its head when it comes to unemployment. For people with masters and even doctoral degrees, long-term unemployment is especially insidious.
Real U.S. Unemployment Rate Matches Great Depression Levels
If you look back to the Great Depression of the 1930’s, reported unemployment levels were 20.6% on the low end and 24.9% on the high end, according to different economists at the time.
Long-term unemployed still at record levels
It has come down to this for Brian Perry: an apple or banana for lunch, Red Sox ballgames on an old Zenith TV and long walks to shake off the blues. At 57, Perry has been unemployed and looking for work for nearly seven years, ever since that winter when the Great Recession hit and he was laid off from his job as a law firm clerk.
Record 92,269,000 Not in Labor Force; Participation Rate Matches 36-Year Low
A record 92,269,000 Americans 16 and older did not participate in the labor force in August, as the labor force participation rate matched a 36-year low of 62.8 percent, according to the Bureau of Labor Statistics. The labor force participation rate has been as low as 62.
Nearly 1 Out of 3 Americans Not Working
The Total Number of Americans Not in the Labor Force is over 92 million~ about 1/3 of the population. The latest official government statistics put the unemployment rate in the U.S.
