Daily Archives: February 24, 2012

15 Difficult Truths About U.S. Unemployment.

  • Sadly, 43 percent of all American families spend more than they earn each year.
  • According to Gallup, the unemployment rate was at 8.3% in mid-January but rose to 9.0% in mid-February.
  • The percentage of working age Americans that have jobs is not increasing.  The employment to population ratio  has stayed very steady (hovering between 58% and 59%) since the beginning of 2010.
  • If you gathered together all of the workers that are “officially” unemployed in the United States into one nation, they would constitute the 68th largest country in the entire world.
  • In January of 2009, the number of “long-term unemployed workers” in the United States was approximately 2.6 million.  Today, that number is sitting at 5.6 million.
  • The average duration of unemployment in the United States is hovering close to an all-time record high.
  • According to Reuters, approximately 24 million American workers are either unemployed or underemployed right now.
  • There are about 88 million working age Americans that are not employed and that are not looking for employment.  That is an all-time record high.
  •  According to CareerBuilder, only 23 percent of American companies plan to hire more employees in 2012.
  • In the year 2000, about 20 percent of all jobs in America were manufacturing jobs.  Today, about 5 percent of all jobs in America are manufacturing jobs.
  • The United States has lost an average of approximately 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.
  • Amazingly, more than 56,000 manufacturing facilities in the United States have been shut down since 2001.
  • According to author Paul Osterman, about 20 percent of all U.S. adults are currently working jobs that pay poverty-level wages.
  • Since January 2009, worker health insurance costs have risen by 23 percent.
  • An all-time record 49.9 million Americans do not have any health insurance at all at this point, and the percentage of Americans covered by employer-based health plans has fallen for 11 years in a row.

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