Tomorrow is (yet again) NFP day. While everyone is worrying about whether the December numbers were merely seasonal, we should also consider some of the longer term trends in Unemployment. These have major repercussions for Retail Sales and the ongoing Housing Weakness.

Fortunately, Pew Trusts gave us a full overview:

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How Long Have the Unemployed Been Jobless?

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Where are the Long-Term Unemployed?
Total and Long-Term Unemployment by Census Division, Quarter 4, 2011

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More charts after the jump

Labor Force and Unemployed Populations by Age, Education and Race/Ethnicity, Quarter 4, 2011

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Long-Term Unemployment as a Percentage of the Total Unemployed

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Are Workers Being Laid Off Permanently?

Permanent and Temporary Layoffs as a Percentage of the Total Unemployed

Source: Pew Trusts

Category: Economy, Employment

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

5 Responses to “Five Long-Term Unemployment Questions”

  1. mathman says:

    i was pretty shocked to learn that scientists and people with advanced degrees are also being “let go.”
    (and how going to a hospital can be putting your life in jeopardy)

    http://riverdaughter.wordpress.com/2012/01/31/tuesday-the-state-of-science/

  2. Jojo says:

    Here’s a weird unemployment story. Over 1 million foreign young people are brought in to the USA annually by contracting companies to work on assembly lines, under the guise of education and interaction with Americans. Of course, they are underpaid and abused. We could be underpaying and abusing our own kids, who also need summer work!

    The State Dept has finally taken action against one serial abuser.
    —————
    February 1, 2012
    Company Banned in Effort to Protect Foreign Students From Exploitation

    Signaling a sharp change of course in the country’s largest international cultural exchange program, the State Department has banned a leading sponsor company from bringing foreign students to the United States for summer jobs and will add new restrictions to protect students from labor abuse, officials said Wednesday.

    The removal of the sponsor, the Council for Educational Travel, USA, was intended to send a powerful message to dozens of private companies participating in the State Department’s summer work program that they will have to monitor foreign students far more closely and ensure that participants are not exploited as cheap workers by employers.

    The council, which is known as Cetusa, has been one of the biggest sponsors in the summer program and was responsible for placing about 400 foreign students last summer in a Pennsylvania plant packing Hershey’s chocolates. In August, hundreds of those program participants staged a boisterous walkout from the plant to protest low pay and dangerous job conditions.

    http://www.nytimes.com/2012/02/02/us/company-firm-banned-in-effort-to-protect-foreign-students.html

  3. Frwip says:

    Unemployment is morphing into long-term inactivity. The US is becoming Europe circa the 80s.

  4. spacemanspiff says:

    Interesting numbers. I would be very interested in seeing a further breakdown of the bachelor’s and advanced degree numbers similar to the NYT post you had previously where each industry was described. Something that myself and friends discuss frequently is how in North America you go to university to “expand your horizons” while it seems as though developing countries are all-in on technical/application based education that truly provides value-added to most employment positions. Potential supporting evidence, at least here in Canada, is that colleges, where you learn a trade, have very high post-graduate employment rates and comparable salaries to liberal arts degrees. Should nations accept that they are not as competitive in the manufacturing sector anymore and that even with subsidies China/India will still over take as the world’s manufacturing base? I understand the case can be made for specialty products given their advanced nature, however, would the money be better spend on re-education the workforce to more of a service industry in a similar way IBM retooled themselves in the 90s/00s?