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.