The Unemployment Crisis

Nov 30, 2010 23:59

Note: This is an unfinished article, posted so that the links are publicly available and the numbers easy to find.

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In the USA, there appears to be no precise way to know how many people are unemployed, but there is some data to get a rough measure of how many people are unemployed.

This report shows how many people are getting checks for being on unemployment.

310,800,000 -- U.S. Population = -- http://www.census.gov/main/www/popclock.html

-- Take away everyone 15 or younger...

238,530,000 -- U.S. Population, Civilian, not institutionalized, 16 years old or older -- http://www.bls.gov/news.release/empsit.t01.htm#cps_empsit_a01.f.1

-- Take away military, prison, other institutions, people unable or unwilling to work, retirees, those choosing to stay at home (for family, etc.), those "not in the labor force" for over a year

153,600,000 -- The "Civilian Labor Force", does not include discouraged workers

139,700,000 -- The number who are employed, even for a single hour per week

-- Take away self employed and others who would not qualify for unemployment

125,800,000 -- Covered by Unemployment Insurance -- http://workforcesecurity.doleta.gov/unemploy/wkclaims/report.asp

32,600,000 -- Currently Unemployed (U6 + over a year discouraged / not in labor force) -- http://www.shadowstats.com/

13,900,000 -- Currently Unemployed (U3) -- The official rate

3,783,092 -- Currently receiving money for unemployment insurance

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Notes:

Federal Minimum Wage = $7.25
Hours per Week = 35
Weeks per Year = 48
Total Income = $12,180

Cost to employ one million people for a year? $12.2 billion dollars

unemployment, jobs, recession, economy, depression, insurance, work, crisis, employment, job

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