US unemployment

Collection by Dave Coker

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I like to look at US employment and unemployment data; what the American media reports is NOT the complete picture ...

Dave Coker
Voluntary separations have plummented compared to before The Great Recession.

Feeling good about the economy?

Voluntary separations have plummented compared to before The Great Recession.

Precisely ZERO manufacturing jobs were created in April.

Manufacturing gains ZERO jobs in April

Precisely ZERO manufacturing jobs were created in April.

US debt / GDP is at record levels, as is unemployment.  Does stimulus really work?

Increasing unemployment and increasing debt

US debt / GDP is at record levels, as is unemployment. Does stimulus really work?

The US has spent almost $3T in an effort to create jobs but employment continues to fall.  Does stimulus really work?

Employment has flat lined

The US has spent almost $3T in an effort to create jobs but employment continues to fall. Does stimulus really work?

While America "stimulated" their economy Germany employed austerity.  Which nation has a lower unemployment rate?

Stimulus, austerity and unemployment

While America "stimulated" their economy Germany employed austerity. Which nation has a lower unemployment rate?

Unemployment is only falling since people are dropping out of the labor force.

A horrible jobs number

Unemployment is only falling since people are dropping out of the labor force.

even as unemployment modestly eases, wages grow at historically low rates

Poor wage growth, poor recovery

even as unemployment modestly eases, wages grow at historically low rates

By many measures the population to employment ratio more accurately reflects trends ...

Forget Unemployment

By many measures the population to employment ratio more accurately reflects trends ...

Only 63.6% of the potential labour force chooses to participate in "employment", the lowest level since the 1980s.
Forced LaborChart

Who is working?

Only 63.6% of the potential labour force chooses to participate in "employment", the lowest level since the 1980s.

Jobs growth is slowing, down 20% since January 2012
JanuaryChart

Slow jobs growth in 2012

Jobs growth is slowing, down 20% since January 2012

This simple metric across two recessions indicates The United States now has a structural unemployment problem.

Structural unemployment in America

This simple metric across two recessions indicates The United States now has a structural unemployment problem.

Earnings are increasing slower than the rate of inflation. In other words, those fortunate enough to have a job are losing ground.

Forget the happy news

Earnings are increasing slower than the rate of inflation. In other words, those fortunate enough to have a job are losing ground.

Firings soar to highest since 2010 as consumer demand weakens.

Firings soar

Firings soar to highest since 2010 as consumer demand weakens.

Compare jobs growth across two recent US recessions

Two recessions, two different job growth trajectories

Compare jobs growth across two recent US recessions

Unemployment has dropped because part time employment is soaring ...
Part TimeDrop

Underemployment is increasing while unemployment declines

Unemployment has dropped because part time employment is soaring ...

full-part-time-employment-5Y-V1
Part Time

Observations of a financial nature.

full-part-time-employment-5Y-V1