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

Saturday, June 27, 2015

91 million unemployed = per capita, making 2015 far worse than any time in in US history

Unemployment Statistics during the Great Depression

 

 

Unemployment statistics for the Great Depression show a remarkable collapse in the labor market in just a few years, with recovery that did not take place until the onset of World War II created an industrial demand that brought the economy back to prosperity. In addition to unemployment, workers during the Great Depression found themselves working in an atmosphere of insecurity for lower salaries and wages than before.
Depression Era Unemployment Statistics
Year
Population
Labor
Force
Unemployed
Percentage of
Labor Force
1929
88,010,000
49,440,000
1,550,000
3.14
1930
89,550,000
50,080,000
4,340,000
8.67
1931
90,710,000
50,680,000
8,020,000
15.82
1932
91,810,000
51,250,000
12,060,000
23.53
1933
92,950,000
51,840,000
12,830,000
24.75
1934
94,190,000
52,490,000
11,340,000
21.60
1935
95,460,000
53,140,000
10,610,000
19.97
1936
96,700,000
53,740,000
9,030,000
16.80
1937
97,870,000
54,320,000
7,700,000
14.18
1938
99,120,000
54,950,000
10,390,000
18.91
1939
100,360,000
55,600,000
9,480,000
17.05
1940
101,560,000
56,180,000
8,120,000
14.45
1941
102,700,000
57,530,000
5,560,000
9.66
Despite the evidence of a national catastrophe, support for unemployment relief remained sketchy until FDR introduced the New Deal in 1933.

Tuesday, March 20, 2012

Making 9 Million Jobless "Vanish": How The Government Manipulates Unemployment Statistics

When we look at broad measures of jobs and population, then the beginning of 2012 was one of the worst months in US history, with a total of 2.3 million people losing jobs or leaving the workforce in a single month. Yet, the official unemployment rate showed a decline from 8.5% to 8.3% in January - and was such cheering news that it set off a stock rally.

How can there be such a stark contrast between the cheerful surface and an underlying reality that is getting worse?

The true unemployment picture is hidden by essentially splitting jobless Americans up and putting them inside one of three different "boxes": the official unemployment box, the full unemployment box, and the most obscure box, the workforce participation rate box
As we will explore herein, a detailed look at the government's own data base shows that about 9 million people without jobs have been removed from the labor force simply by the government defining them as not being in the labor force anymore. Indeed - effectively all of the decreases in unemployment rate percentages since 2009 have come not from new jobs, but through reducing the workforce participation rate so that millions of jobless people are removed from the labor force by definition.

http://danielamerman.com/articles/2012/WorkC.html

Sunday, February 5, 2012

The Real Truth on Employment

1.2 million people dropped out of the labor force in one month! Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.

Thursday, June 11, 2009