Sunday, October 7, 2012

The Worst Economic Recovery Since the Great Depression

The Worst Economic Recovery Since the Great Depression

Number of Americans out of work (4 years into recovery)---> 12.1  Million Americans out of work (23 Million including those who stopped looking for work)
Labor participation rate (down to 1981 level):-------------->   63.6 %
Of the 114,000 new September jobs, 104,000 were:--------> Private Economy
All of the 86,000 jobs in (July & August) upward revisions:--> Government Jobs.
Job growth:-------------------------------------------------> 146,000/mo (2012, Down from 153,000/month, 2011)
Manufacturing employment:---------------------------------> Down 38,000 (August & September)
Percent of America jobless for six months or more:----------> 40.1 %
GDP Growth '12 Q2 :------   ------------------------------> 1.3 % (In 1%-2% range for 2012)
September Employment:------------------------------------> Up by 873,000 jobs (582,000 part-time, Biggest jump in 30 years!)
Number of "part-time workers for economic reasons":--- ---> Up by 0.9 million since March.
Number of Jobs Created Since 2009:-----------------------> 5 Million (4.5 million jobs short of where it was in 2007)
Median household income since June 2009:-----------------> Down $3,040

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