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From the December 2009 crisis total employment trough to May 2013, the U.S. added 5,669 full-time jobs and added 237 part-time jobs, a total of 5,906 jobs. From the November 2007 pre-crisis peak total employment month to May 2013, the U.S. lost 5,637 full-time jobs and added 2,941 part-time jobs, a net loss of 2,696 jobs total. [165]
The unemployment rate (U-6) is a wider measure of unemployment, which treats additional workers as unemployed (e.g., those employed part-time for economic reasons and certain "marginally attached" workers outside the labor force, who have looked for a job within the last year, but not within the last 4 weeks).
In California, for instance, the state unemployment rate hit 5.3% in February, up 0.8% from a year ago and the highest in the nation. New Jersey's unemployment rate hit 4.8% in February, also up 0.8%.
Unemployment shot to 10.8%, which at the time marked its highest level since World War II. Why the US job market has defied rising interest rates and expectations of high unemployment Skip to main ...
Baumol noted that the increase in costs "disproportionally affects the poor". [4] Although a person's income may increase over time, and the affordability of manufactured goods may increase too, the price increases in industries subject to the Baumol effect can be larger than the increase in many workers' wages (see chart above, note average ...
The Bureau of Labor Statistics said that the surveyors may have miscounted certain people not working due to coronavirus as employed, when they should have been unemployed.
When unemployment rates between countries or time periods are compared, it is best to consider differences in their levels of industrialization and self-employment. Additionally, the measures of employment and unemployment may be "too high".
By Tami Luhby NEW YORK -- The average time Americans spent unemployed dropped a record 2.8 weeks in January ... but hold the applause. The reason is likely because many people ran out of ...