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Facts and figures ... none of them pretty

Submitted by Roanman on Wed, 06/06/2012 - 18:58

 

From Investor's Business Daily via David Rosenberg via Zero Hedge have some data from the most recent bureau of labor statistics report.

 

The share of long-term unemployment is at its highest level since the Great Depression (42%).

Fully 54% of college degree graduates under the age of 25 are either unemployed or underemployed.

45 million Americans are on food stamps — one in seven residents.

47% of Americans are on some form of government assistance.

The employment-to-population ratio for 25-54 year olds is now 75.7%, lower than it was when the recession supposedly ended in June 2009.

The number of people not in the labour force has swelled eight million since the recession ended; absent that effect, the unemployment rate would be 12% right now (about the same as President Obama's election chances would be).

The number of people confident enough to leave their jobs fell 11% in May for the second month in a row to 891k, the lowest since November 2010.

The ranks of the unemployed who have been looking fruitlessly for work for at least 27 weeks jumped 310k in May, the sharpest increase since May 2011.

The unemployment rate for males aged 16-19 is 27% and for males between 20 and 24 it is 13%. Draw your own conclusions from a social (in)stability standpoint.

One in seven Americans are either unemployed or underemployed.

Only one in six of the youth are working full-time and three-in-five are living with their folks or another relative (as per the NYT).

A mere 16% of the 2009-2011 graduating class has found full-time work, while 22% are working part-time. Even those hired from 2006-08, just 23% are working full-time.

 

Anybody wanna burger?