THE EMPLOYMENT SITUATION -- NOVEMBER 2011

The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000, the U.S. Bureau of Labor Statistics reported today.

Employment continued to trend up in retail trade, leisure and hospitality, professional and business services, and health care. Government employment continued to trend down.

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THE EMPLOYMENT SITUATION -- SEPTEMBER 2011 (Detailed Breakdown)

Nonfarm payroll employment edged up by 103,000 in September, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today.

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The increase in employment partially reflected the return to payrolls of about 45,000, telecommunications workers who had been on strike in August. In September, job gains occurred in professional and business services, health care, and construction.

Government employment continued to trend down.

Why Millions of Americans Wish They Worked for Uncle Sam

• The number of civilian unemployed was reported as 7,651,000 in the report issued for June, 2005.
• The same report for June, 2010 reported 14,623,000 as unemployed. 
• About 7,000,000 additional Americans lost their job during this period

• The number of persons employed by The Government in June, 2005 was 21,763,000. 
•  The June, 2010 report showed that the Government was employing 22,770,000. 
• The number employed by the Government during this period actually rose by a million.

I think that is safe to assume that only a tiny fraction of Government employees lost their job, and net net there are a million more individuals employed by Government

The following graph shows the trend of employment for all Government employees.

Civilians Unemployed for 27 Weeks and Over -- 6.8 Million (Graph, Chart)

In May, the number of long-term unemployed (those jobless for 27 weeks and over) was about 6.8 million. These individuals made up 46.0 percent of unemployed persons, about the same as in April.

The following is the long term view.

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Unemployed for 27 Weeks or Longer Still Climbing (Graph)

5,594,000 versus 2,275,000 a year ago. In October, 35.6 percent of unemployed persons were jobless for 27 weeks or more.

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 950 articles with more than 8,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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Jobless 27 Weeks or Longer Soars to 5.4 Million

15.1 million Americans are now out of work. Or if you look at real unemployment-- 17 million.

One of the scariest statistics is the number of people unemployed 27 weeks or longer -- now 5.4 million. This number soared by 450,000 in the last month.

At 27 weeks, people start losing their unemployment benefits. Then what?

This number is likely to rise by another million plus by the end of the year?

This does not bode well for the economy or the the Christmas retail sales season.

Sources of Information

Real Unemployment Jumps to 17.0 Percent (Explanation)

Bureau of Labor Statistics -- Employment Situation news release

Table 12 in the Bureau of Labor Statistics

Commissioner's Statement on the Employment Situation

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People Unemployed 27 Weeks or Longer Rises Sharply (Chart)

News on unemployment was pretty good this morning, right?

The number of people unemployed 27 weeks or longer rose to 4,965,000 versus 4,381,000 a month ago.

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Number of Discourage Workers Jumps to 796,000

Among the marginally attached, there were 796,000 discouraged workers
in July, up by 335,000 over the past 12 months.

Discouraged workers are persons not currently looking for work because they believe no jobs are available for them.

Source BLS

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Unemployed for 27 Weeks or Longer Now 4.3 Million and Growing Fast (Graph)

This chart covers the last five years. Currently 4.3 million versus 1.6 in June,2008. Up 40 percent since January, 2009 (1.7 million). 4.3 million is a new all time high and is up 433,000 in the last month.



1948 to the Present. Currently 4.3 million versus the previous high of 2.8 million, June, 1983.

This does not bode well for those expecting a quick turnaround in the economy. If the trend continues it could cause double dip recession.

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Number of Unemployed Reaches 14.7 Million (Chart)

U.S. Department of Labor: Bureau of Labor Statistics

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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 700 articles with more than 18,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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