De-facto Unemployment was 28.76% last month

[Pale Blue Dot]

Definitions:

Officially Unemployed- Persons who worked less than one hour during the nationally determined reference period (one week), looked for during this period, and were available for work during this period.

Latent Job Candidates

Marginally attached workers - Persons not in the labor force who want and are available for work and who have looked for a job sometime in prior 12 months (or since the end of their last job if they held one within the past 12 months), but were not counted as unemployed because they had not searched for work in the four weeks preceding the survey.
Discouraged workers - Persons not in labor force who want, are available for a job and who have looked for work sometime in the past 12 months (or since the end of their last job if they held one within the past 12 months).

Underemployed - Persons who would like to work full-time but are not able to do so for economic reasons such as unavailability of full-time work or reduced demand for hours by current employer.

Excess disability - Persons who are excluded from labor force because of sick leave or early retirement. This number is growing as people are increasingly taking early social security.

Government Programs - Persons receiving government subsidized or government provided programs. For example, low wage workers receiving Earned Income Tax Credits.

Prison and Jail Populations - Persons not in labor force because of incarceration. In a recent issue of Daedalus, the journal of the American Academy of Arts and Sciences, reported that 400,000 people were incarcerated in 1975 and that this year the number would grow to 2,500,000. Put differently, a 625% increase in 35 years.

http://cwcs.ysu.edu/resources/cwcs-projects/defacto

These numbers all just went even higher today.

[Wickerman]

1. "These numbers all just went even higher today."

Not seeing that in this chart. From what I read in the above chart is that every number either stayed the same or dropped a fraction of a point.

Which still sucks. :-(

[Pale Blue Dot]

9. This chart stops at the April numbers.

May numbers were released today - unemployment is at 9.1% now.

[xchrom]

2. recommend

[Starry Messenger]

3. k&r

[Ichingcarpenter]

4. I read another stat that put it at 15.2%

I'll try to find it.

[joeybee12]

5. KNR

[xchrom]

6. kick

[LoZoccolo]

7. It's good that Obama is pushing this down.

The problems we have had over the last eight weeks or so may be due to the fact that the Republicans gained more power in 2010. That is why it's a good idea to vote for Democrats, because as you can see, when they were in power, unemployment was lowered.

[RaleighNCDUer]

8. Which does not mean they are not lying to us when they say

that we have 8.9% unemployment.

[LoZoccolo]

11. Ten of the percentage points of this "real" unemployment rate are constant.

The prison and military population are pretty constant as well. They don't reflect on the government's effectiveness on combating unemployment so they're not included. If 8.9% is considered mendacious, I would point out some of the problems in this larger number.

[OhioChick]

10. K&R n/t

[Motown_Johnny]

12. So things were better under Bush?

strange how all the numbers for the Bush term are better than all the numbers for the Obama term

[LoZoccolo]

14. I believe this is something that the Republicans might also say

when they are trying to make people overlook that the trend that led to high unemployment was started under Bush* and penetrated Obama's term before Obama reversed it.

I'm not saying that you're a Republican, but I wouldn't feed their talking points in attacking him from the left. Or borrow their tactics of latching on to some facts while ignoring others, as it leads to a misinformed populace no matter what your intention.

[stevenleser]

18. You are obviously math challenged. Try looking at the slope

Change in unemployment numbers over change in time. The numbers shown for Bush are always getting worse in the time period shown and the numbers for Obama are getting better for most of his presidency.

[TrogL]

13. Come to Canada

My wild guess is that the Canadian economy could absorb 100000 new workers and not even notice. Where I live, they're begging for skilled (or even unskilled) workers in every field. I'm gainfully employed in my field and my phone's ringing off the hook with job offers. Construction sites are sitting idle because they can't get enough people to be worth having a foreman on site.

Link below.

[hfojvt]

15. are you sure it's not closer to 90%

Why not add in the people who hate their jobs too?

We are supposed to be sad for those people who take early retirement?

Also, I have been underemployed since 1991. Life goes on.

Plus, many people in prison have jobs, sometimes they even have jobs outside the prison.

[Starry Messenger]

16. kick.

[Turbineguy]

17. This chart does not include

stock speculators and daytraders.

It probably should.

[GSLevel9]

19. But who's on DWTS next season???????? nt