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Home Front: Politix
Gallup Finds U.S. Unemployment Hitting 10.3% in February
2011-03-03
Underemployment surged to 19.9% in February from 18.9% at the end of January

PRINCETON, NJ -- Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February -- up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.

There is essentially no difference between the unemployment rate now and the one at this time a year ago; January's rate, in contrast, showed a 1.1-percentage-point year-over-year improvement. This suggests that the real U.S. jobs situation worsened in February. That is, jobs are relatively less available now than in January.
Great graphs and data at link and worth a look. Little wonder the unions and states are clashing so hard. Thanks for the debt stimulus, Bambi. Great work killing the recovery.
Posted by:DarthVader

#4  Useful information, Pearl Gleaper1127. Thank you.
Posted by: trailing wife   2011-03-03 22:01  

#3  The article I took the graphs: Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
Posted by: Pearl Gleaper1127   2011-03-03 20:47  

#2  It's not. The "official" unemployment numbers have been steady for the past year because people have given up looking for work. The US has done from 63.4% of the adult population working in Jan 2007 to 58.5% today. That's the worst performance since coming out of the recession in the early 1980's. Today there are many more single households than in the 1980's, so it is imperative that a larger proportion of the population work. Except they are not working.
Employed Population ratio

Even worse, the ranks of the employed have been filled by many part time workers, going from 4.2 million in Jan 2007 to 9.5 million today.
US Part Time Employment
Posted by: Pearl Gleaper1127   2011-03-03 20:45  

#1  The trends did seem to be an increase in underemployment and a decrease or at least stabilization of unemployment, which in my opinion, would actually be a (relatively) good thing (more people with at least some skin in the game is better, philosphically and psychologically.) This poll seems to say both are now increasing synchronously. Not good.
Posted by: Glenmore   2011-03-03 19:44  

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