Unemployment USA statistics

I am not sure I could write a narrative as frightening as the statistics on unemployment and poverty tell in the following summary. Sometimes looking at the data is more alarming than a telegram from God. I only wish the stats below were compiled comparatively with other nations.

Of course as the labour supply increases, wages decrease. As wages decrease, so does purchasing power. Corporations seem well like the snakes who consume themselves.

Labor Day by the numbers

September 7, 2009 | An EPI Fact Sheet
compiled by Anna Turner

Note that all numbers are current as of September 4, 2009.

TOTAL JOBS LOST DURING THE RECESSION: 6.9 MILLION

• New jobs needed per month to keep up with population growth: 127,000
• Jobs lost in August 2009: 216,000
• Jobs needed to regain pre-recession unemployment levels: 9.4 million
• Manufacturing jobs lost since the start of the recession: 2.0 million (14.6% of sector’s jobs)
• Construction jobs lost in the recession: 1.4 million (19%, nearly one in five construction jobs)
• Mass layoffs (50 or more people by a single employer) in July 2009: 2,157; jobs lost: 206,791

UNEMPLOYMENT RATE: 9.7%

• Number unemployed: 14.9 million (up from 7.5 million in December 2007)
• Underemployment rate: 16.8%; Share of workers un- or underemployed: roughly 1 in 6
• Under- and unemployed, marginally attached and involuntary part-time workers: 26.4 million
• Unemployment rate, ages 16 to 24: 18.2%
• Male unemployment: 10.9%; female unemployment: 8.2%
• White unemployment: 8.9%; black unemployment: 15.1%; Hispanic unemployment: 13%
• Unemployment rate, young college graduates: 5.9% (2nd worst on record); Worst recorded unemployment rate for young college graduates: 6.2% (1983)
• Traditional ratio of young college grads’ unemployment to overall rate: 50%; Current ratio: 70%
• Portion of unemployed who have been jobless more than six months: one third
• Average weekly unemployment benefit in July (including additional $25 per week from the American Recovery and Reinvestment Act): $332

STATES WITH DOUBLE-DIGIT UNEMPLOYMENT IN JULY, 2009: 16; WHEN THIS LAST HAPPENED: 1983

• Highest unemployment rate: Michigan, 15.0%; lowest: North Dakota, 4.2%
• When California’s Hispanic unemployment surpassed black unemployment: 2nd quarter, 2009
• Projected African American unemployment for Michigan, 2nd quarter of 2010: 24.9%

INCREASE IN AVERAGE U.S. WORKER’S PRODUCTIVITY, 2000-07: 19.2%

• Decrease in all prime-aged worker’s real median weekly wages, 2000-2007: $1; Decrease for African Americans: $3
• Annual growth rate of private-sector workers’ wages, last three months: 2.6%
• Annual growth of wages in managerial, professional, and related occupations, 2009, 2nd quarter: 0%
• Annual growth rate of real (inflation-adjusted), average, hourly wages since June 2000: 0.70%*
• Ratio of average CEO’s pay to typical worker’s pay in 1979: 27 to 1; Ratio in 2007: 275 to 1

EXPECTED NEW SPENDING (12-MONTHS) FROM THE NEW $7.25 MINIMUM WAGE: $5.5 BILLION

• Share of minimum wage workers with high school diploma in 1979: 57.5%: Share in 2008: 72%
• Workers getting a raise from latest minimum wage increase: 4.5 million
• Share of affected workers with annual family income below $35,000: 57.1%; Share working at least 20 hours a week: 81.6%
• Extent to which the minimum wage’s real value is lower than in 1968: 17%

AMERICANS UNINSURED IN 2007: 45 MILLION

• Drop in children covered through parents’ employers, 2000 to 2007: 3.4 million
• Share of people under 65, with incomes in the top 20%, covered by employers in 2007: 86.4%; Share with incomes in the bottom 20%, covered by employers: 21.9%
• Share of Hispanic workers who are uninsured: 39.8%
• Percentage of under-65 Americans with employer-sponsored health insurance in 2000: 68.3%; In 2007: 62.9%
• Average monthly cost of COBRA with American Recovery and Reinvestment Act subsidy: $370; Without American Recovery and Reinvestment Act subsidy: $1,057
• Rise in out-of-pocket spending for the 1% of adults with the greatest medical expenses, 2004-2007: 42%
• Increase in health care premiums since 1999: 119%
• Amount by which U.S. private health insurance administrative costs exceeded all Canadian national health spending in 2007: $25 billion**
• Share of total U.S. health care costs paid by private insurers in 2007: 35%
• Share of total health care costs paid by U.S. government in 2007: 46%

SHARE OF PEOPLE NEAR RETIREMENT AGE WITH A 401(K) BALANCE UNDER $40,000 IN 2007: 50%

• Percentage of amount needed to maintain living standards that is held by average 401(k) participant approaching retirement: 20-40%
• Share of 401(k) assets estimated to be lost since 2007: 29%

WORKPLACES WITH NO CONTRACT MORE THAN THREE YEARS AFTER ELECTION IS WON: 25%

• Share of employers that interrogate workers in mandatory one-on-one meetings, 1999-2003: 63%; Share of employers that threaten workers in such meetings, 1999-2003: 54%
• Increase in likelihood that firm will fail if unionized: 0%
• U.S. manufacturing workers ranking on “value-added per employee,” compared to 16 nations with higher compensation: 2

ANNUALIZED RATE OF ECONOMIC CONTRACTION, 2nd QUARTER, 2009: 1%

• Likely size of this contraction without the American Recovery and Reinvestment Act: 3-4%
• Jobs lost with the American Recovery and Reinvestment Act, 2nd quarter, 2009: 1.3 million
• Jobs that would have been lost without the American Recovery and Reinvestment Act, 2nd quarter, 2009: 1.8 million at least***

* EPI analysis of CPS and BLS data
**EPI analysis of HHS CMS, OECD, and World Bank data
***Mark Zandi, Moody’s Economy.com

Enoughism - Or how Less is More

Ever wonder why when you have enough money, you don't have enough time to enjoy it? We seem to have the money to buy books on how to appreciate the 'now' and become happier - but not the time to actually read them and experience their promised contentment and pleasure. Time is the one essence of life which is truly limited.

There are only 24 hours to a day and there are only so many days to our lives. How many hours in the day do modern people spend to make money to buy things? And are these things they buy really necessary at all?

I recall a lecture in International Trade, where the instructor compared the GDP of the USA to the GDP of the Eurozone. (This was a few years ago.) Her conclusion seemed to be that more GDP is better. But after looking into the figures, I discovered that not only is the GDP of Europeans less than US GDP, but their work week was also significantly shorter. Most Europeans enjoy from 7 to 10 weeks of paid holidays from work. Yes, Europeans spend more time on leisure activities and more time with their loved ones. From my perspective, this is a healthier lifestyle: GDP does not a happy heart make.

Americans are the best 'consumers' in the world. Looking at the definition of consumerism: Consumerism is the equation of personal happiness with consumption and the purchase of material possessions. Now John Naish has brought us its antithesis, Enoughism.

Enoughism is the theory that there is a point where consumers possess everything they need, and by buying more it actually makes their life worse off. Enoughism emphasizes less spending and more restraint in buying behaviour of consumers. Unlike Consumerism which Mirriam-Webster defines as "the theory that an increasing consumption of goods is economically desirable", Enoughism is an antonym to consumerism.

It is true that if people enjoy what they have (when their necessities are provided for), that corporations will be very unhappy indeed - because their profits will shrink. The ultra rich will have to be satisfied with only 150 pairs of shoes, only 2 townhouses, only 2 Rolls Royce etc. I don't just don't give a flying fart...let them adjust. That's what we all must do if we are to create a sustainable lifestyle on earth for the future. I am not an economic commodity for the use of the elite capitalists: economies exist for the well being of people primarily, all people not just a few.

I have blogged on this issue twice recently:
To consume: the definition
Lessons from Scarcity

One thing is for sure: either we will collectively say 'enough is enough' voluntarily NOW; or future generations will be forced to exist on what is 'not enough'. I hope the conclusion we come to is that More is LESS - less happiness, less loving, and less quality living and less time for the people we love.



Related reading

The New Anti-Consumerism

Conspicuous consumption

The Century of the Self (Video)

"We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of." - Edward Bernays

To many in both politics and business, the triumph of the self is the ultimate expression of democracy, where power has finally moved to the people. Certainly the people may feel they are in charge, but are they really? The Century of the Self tells the untold and sometimes controversial story of the growth of the mass-consumer society in Britain and the United States. How was the all-consuming self created, by whom, and in whose interests?

The Tent People of today

Who is to Blame
for the Tent People?

By Garda Ghista
May 22, 2009 Hyderabad, India
Source
In America, more and more people are subjected to the humiliation of losing their job, and then when they cannot pay their mortgage they get a fat wad of papers delivered to their door by the local sheriff telling them in brief to pay up or vacate.

And then they have to leave or be thrown out of their own home. And then when no job is forthcoming they cannot even downsize to an apartment. They are forced to go to the lowest level of subsistence. They buy a tent and pitch it near some water, maybe a river or a tap somewhere.

I was becoming more and more appalled living in America in 2008 and up to May 2009 and watching more and more "tent cities" springing up across the country. And then as those tent cities get more and more established, at regular intervals, maybe once a month, the local police invade the area and make a brutal sweep of the premises and drive all those tent people out of their tents and onto the road somewhere. And after the police have gone, the people return to what's left of their tent and their meager possessions.

This is America today. It is "poverty amidst plenty." That phrase is from the 1929 Great Depression. And in 1929 the police conducted the same sweeps that they are doing today across America. Is it not heartbreaking? Or shall we say, does it not make your heart bleed to see this kind of existence of the people?

And now I am in Hyderabad, India. And if you go along Highway 9 which runs through Hyderabad, what do you see? All along the highway, there are vendors selling this and that like nariyal pani - coconut water - or mangoes or colorful little trinkets. But behind those vendors, in a fifteen foot wide corridor running along the wall, are tents. More tents.

And these tents have been there forever. They are not so nice as the American tents. They are made of dark green or black pieces of plastic somehow moulded or stuck together in some shape so as to rise a bit above the ground with one opening. And here is where the people live and sleep and go to the bathroom and take bath - but where do they go to the bathroom and where do they take their bath? And where do they cook and eat?

In the daytime they are lying in front of their "tents" or sitting and chatting happily. That's the amazing part of it. If we visit a tent city in America - the newly created tent city - it is sure we will find severe mental depression. Economist Shrii Prabhat R. Sarkar told us that this new Great Depression will be accompanied by severe mental depression. It is but natural.

But in Hyderabad, along Highway 9, I don't yet see that mental depression. And earlier in the 1990s when I used to visit the slums here or see the women breaking stones with axes in the rock quarries, there was no mental depression.

Why? I think it is because this was their life from birth. They never knew any other life. They never expected any other life. They lived with No Expectations.

But why should anyone, why should even a single person, be relegated to living in a tent, to living without a bathroom, without running water nearby, to keep themselves clean? Who is to blame that people live in tents? In America I was saying that it is the *&^%$ bankers and speculators who have robbed the country blind and are hence directly responsible for the tent people. But what about India where tent people have lived for decades if not longer? Who is to blame?

Is it the sum total of politicians who ruled all those decades and never gave a *&^%$ about the tent people? Then what do we tell to those tent people? Should we not tell them that God never meant for them to live under pieces of plastic along the highway? Should we not tell them that it is the moral responsibility of all political leaders to provide them with food, water, shelter, clothes, soap, health care and education?

How do we tell these simple, sweet tent people that there is a better way? How would you tell them? I want to tell them this now, but I don't know how to start. How do we talk to them in a way that is relevant to their lives? Is it our job then to take away their simple acceptance of their plight and inspire them to demand the minimum necessities from their cold, callous government?

Is that our job? Is it our job to take away their simplicity and raise their political consciousness and make them outraged at the economic injustice of their lives? For some reason, i cannot bear their plight and neither can I bear that they accept their plight so happily.

It reminds me of what Professor Muhammad Yunus, Grameen Bank founder, wrote in his autobiography regarding the famine of 1970s in Bangladesh. He would be teaching economic theories to his students inside the classroom, and outside, just at the door, starving men, women and children would just lie down and wait to die. They didn't fight. They didn't rebel. They were not even angry with anyone. They accepted everything – even their own vastly premature death.

See how painful also it is to read that 150,000 farmers across India have committed suicide in the past five years to escape the slow and agonizing process of starvation. Easier to die the short agony of poison than the long agony of starvation! But why do they feel no anger? Why don't they rebel? Is it that they do not know whom to rebel against? That they do not know who is responsible for their tortures and humiliations and finally their starvation?

Then again, isn't it our duty to tell them who is responsible? Isn't it our duty to inspire them to fight back? Did wealthy people ever distribute their wealth voluntarily to the downtrodden? No. They only distribute when the poor demand it.

So why not all of us go and meet the tent people and tell them that they do not need to live like this, that the immoral, indifferent, heartless politicians are responsible, and that they should fight those politicians, remove them from power and bring moralists to power who have hearts full of love for the common people. And whoever has a conscience, whoever loves morality should join them in that fight and guide them and become one with them.

Garda Ghista is a freelance journalist and author of The Gujarat Genocide: A Case Study in Fundamentalist Cleansing and Wife Abuse: Breaking It Down and Breaking Out. She is also Founding President of the World Prout Assembly, a non-profit organization dedicated to transferring economic power from corporations to the common people and to fighting injustice in every sphere of life.

The comments from oringinal article are quite interesting, especially the one from "Hide Behind".

Related:
Unite to End Homelessness

GM genocide: Thousands of Indian farmers committing suicide after using genetically modified crops

Five Reasons Why Americans Won't Resist

By Mickey Z.
Source
March 24, 2009
"Information Clearing House" -- Protest (American, definitely not a verb): Wait for UFPJ or ANSWER to stage a parade (I mean, demonstration) on a weekend afternoon so no one misses work or school or in any way disrupts the flow of commerce. Don't make a sign; the organizers will make one for you. March in an orderly fashion, be polite to the occupying army (I mean, cops), and be sure to stay in designated free speech zones. Blame the Republicans. Wear costumes. Make puppets. Exclude anarchists. Hold a candlelight vigil. Sign a petition. Chant. Vote for a Democrat and hope for change. Need I continue?

With the stakes never higher than they are now, why aren't activists ramping up the pressure and looking beyond tactics that are allowed by those in power?

Here are my five guesses:

1. We are trained to believe that nothing major is wrong. Global warming? Economic meltdown? Epidemics of preventable diseases? Slavery, genocide, ecocide? You name it and we're ready to downplay it. We're Americans, goddammit, we'll figure out a way to fix it. When the going gets tough, we'll call the experts.

2. We are trained to leave it to experts. Rather than worry our little heads over why more than 100 plant and animal species go extinct each day, we rely on experts. Instead of learning what a "collateralized-debt obligation" is and how it contributed to the current economic depression, just let the professionals handle the mess. Besides, such delegation frees up much more time to watch TV and update our Facebook pages.

3. We are trained to embrace non-violence. All the real heroes would never raise a fist in anger: Jesus, MLK, Gandhi, Mother Teresa, etc. Sure, the government and its corporate owners are taking away all our rights and all our money. They're poisoning our air, water, and food while crafting laws that make prison a looming possibility, but the moment we contemplate anything more than a non-violent response, we become worse than any of them. Ain't that right?

4. We feel too damn privileged to risk prison (or worse). The average Gaza resident doesn't have the luxury of wondering if their resistance could result in arrest and thus perhaps ruin their reputation. The average American? Well, that's a different story. I can't defy insane laws designed to squash protest. I might get arrested and that means close proximity to all those scary criminals and it also means hurting my chances of landing a good job and maybe even losing all my respectable friends. I mean, I'm an activist and all but that's asking way too much. Who do you think I am, Mandela?

5. We're fuckin' cowards. Our acquiescence in a disturbingly broad range of areas—access to health care, tolerance for voting irregularities, directly funding the Israeli war machine, stomaching the groupthink behind saluting a flag, etc. etc. etc.—appears to have no limits. Americans love to talk the talk about being fearless and tough but when ordered to remove our shoes before going through airport security, it’s “yes sir” all the way. We know things have passed the proverbial tipping point and that immediate action is 100% needed and justified, but we're far too spineless to do anything that might get us in trouble. Somehow, it's more terrifying for any of us to face down a cop than it is to contemplate the total destruction of our earthly eco-system.

If it's true that action expresses priorities, we American activists aren't overly concerned about the future.

We now return to our regularly scheduled slate of left wing articles… Until the laws are changed or the power runs out, Mickey Z. can be found on the Web at http://www.mickeyz.net