Tag Archives: unemployment graph

200+ things you need to know about unemployment in the US, all presented on one insightful dashboard

There are 208 charts on the dashboard below. Each one is loaded with information from the Bureau of Labor statistics. Check it out, you’re bound to learn something you didn’t know before you came here.

The unemployment insight dashboard is now updated with May’s unemployment figures from the BLS. The unemployment rate dropped from 9.9% to 9.7%, in part due to the fact that approximately 200,000 people stopped looking for work and stopped being counted by the BLS as unemployed.

The long-term unemployment population, those out of work for 6 months or more, grew by an additional 47,000 people and account for 46% of all unemployed. That’s the equivalent to all the people (men, women, and children) in the entire state of Washington.

Note: click the picture below to bring up a large version. Then click again to get a crystal clear look at the dashboard.

Dashboard of Joblessness in the U.S.-May 2010

What everybody ought to know about unemployment in the U.S.

The unemployment insight dashboard is now updated with April’s unemployment figures from the BLS. While the unemployment rate is essentially unchanged, the nasty trend in the long-term unemployment continues.

The numbers for April show the long-term unemployed group grew by another 200,000. Now, more than 6.7MM Americans, that’s the equivalent to the entire state of Washington (men, women, and children), have been jobless for more than 6 months. This population now accounts for 46% of all unemployed.

Also, if you’re wondering why the unemployment rate increased despite the fact that the number of people who found new jobs increased, a good explainer can be found here, at the WSJ blog.

In my update last month I said I’d try to get more insights about the long-term unemployed. It turns out there’s a fair amount of information for this group, but the data are updated annually, not monthly. Nonetheless, in the coming weeks I will generate some supplemental posts analyzing the long-term unemployed from the new found data. Until then, here’s a link to a story about the long-term unemployed in the Huffington Post.

I welcome your comments, both positive and negative. I especially want to hear your thoughts on improving this dashboard. In particular, I’m considering getting rid of and/or dramatically altering the bar chart on the left side of the dash showing the number of un/underemployed Americans. I think the scaling of the chart makes differences in the blue bars hard to pick up, I also don’t like the lack of context in the chart. Perhaps indexing it to 1 year ago might be better.

If you’d like to print out or save a copy of a beautiful, high-res, 11 x 17 pdf version of this dashboard, just click here.
Dashboard of Joblessness in the U.S.-April 2010

Unemployment Insight Dashboard for March 2010 shows troubling trend in long-term unemployed

This month’s update shows continued growth in the long-term unemployed population who now number 6.5MM. That’s an all-time high and equivalent to the entire population of Arizona (men, women, and children) being out of work. What will it take to start seeing reductions in this group? Have their jobs disappeared for good? In the coming weeks I will try to answer these important questions by working with the Bureau of Labor Statistics to see if I can get more granular data about this population. Until then, you can find a good story about the long-term jobless here.

In addition, the industry section on the bottom right side of the dashboard shows many industries reversing the trend of increasing weekly work hours. For the last couple of months this section has been filled with blue bars showing growth, but this month, most of the bars are gray, showing contraction in average weekly hours of production. What does this mean?

I welcome your comments, both positive and negative. I especially want to hear your thoughts on improving this dashboard. In particular, I’m considering getting rid of and/or dramatically altering the bar chart on the left side of the dash showing the number of un/underemployed Americans. I think the scaling of the chart makes differences in the blue bars hard to pick up, I also don’t like the lack of context in the chart. Perhaps indexing it to 1 year ago might be better.

If you’d like to print out or save a copy of a beautiful, high-res, 11 x 17 pdf version of this dashboard, just click here.

Thanks.
Dashboard of Joblessness in the U.S.-March 2010

My Unemployment Dashboard ranks #1 in Google search. See why.

It’s taken me about 5 months to get there, but thanks to your help, my award-winning Unemployment Dashboard ranks #1 according to Google. I also rank #1 for the words, ‘Unemployment Insights’. I suspect the postings featuring my dashboard over at chartporn and vizworld have helped quite a bit. Thanks Chartporn & VizWorld! BTW, if you haven’t checked out either site, you should, they are filled with many excellent visualizations.

There’s a lot going on this month in the industry index section on the bottom right hand side of the dashboard. Many industries are seeing strong and continued growth in the amount of hours their employees are working. Expansion in these figures is a leading indicator of hiring down the road. In addition, to provide you with a bit more context, I’ve expanded the time horizon on the industry index section from the last 6 months to the last 12 months.

Something else I noticed this month is the divergence between the unemployment rate and underemployment rate (upper left-hand chart). The unemployment rate held steady, but the underemployment rate rose 1.8%, from 16.5% to 16.8%. That’s an additional half-million underemployed Americans. If you’d like to bone up on the difference between underemployment and unemployment, check out this link.

One other point worth noting is this month’s decrease in the percentage of long term unemployed. For only the second time this year, the percentage of those unemployed for more than 6 months fell. Granted, the decrease was very small, .3% or 50,000 workers.

I welcome your comments, both positive and negative. I especially want to hear your thoughts on improving this dashboard. In particular, I’m considering getting rid of and/or dramatically altering the bar chart on the left side of the dash showing the number of un/underemployed Americans. I think the scaling of the chart makes differences in the blue bars hard to pick up, I also don’t like the lack of context in the chart. Perhaps indexing it to 1 year ago might be better.

If you’d like to print out or save a copy of a beautiful, high-res, 11 x 17 pdf version of this dashboard, just click here.

Thanks.

Dashboard of Joblessness in the U.S.-Feb 2010

Unemployment insight dashboard for Jan 2010 shows 41% of all unemployed, 6.3MM people, out of work more than 6 months.

My dashboard of unemployment in the U.S. is updated with data from January 2010.

I’ve added sparklines to the Demographic section in the middle of the dashboard. Now, rather than just seeing where unemployment stands this month for a particular demographic segment, you can see where it’s been over the last 12 months. The sparklines on the left side of the demographic section all represent the unemployment rate over the last 12 months. The sparklines on the right show the percentage of total unemployed each segment represents over the last 12 months. For example, a value of 25% in the “% of total unemployed” column for the “White Women” segment means that White Women make up 25% of all unemployed.

It’s interesting to see the huge drop, 9.5%, in underemployment this month. Check out the small chart in the upper right hand side of the dashboard. We went from 9.1MM underemployed in Dec to 8.2MM in Jan 2010. That’s the first big drop in underemployment in at least 12 months.

The long-term unemployed population, however, continues to grow. Another 200,000 Americans added to the pile of 6.1MM Americans who’ve been jobless for more than 6 months. Those long-term unemployed are equal to the entire population of Tennessee. The NYTimes had an indepth story on the long term unemployed, they call them “The New Poor.” You can find that story here.

New data from the Bureau of Labor Statistics will be released this Friday, the 5th, so subscribe to my blog and you’ll get an email notifying you when the revised dashboard is complete.

As always, your feedback is welcome.

Click on the image to enlarge.

If you’d like a beautiful 11 X 17, crystal clear pdf of my dashboard, click here.

BTW, this dashboard was done using Excel 2007.

Dashboard of Joblessness in the U.S.-Jan 2010

The Best insights into December’s Unemployment figures updated Now in this award winning information dashboard.

Last month the BLS revised their November 2009 unemployment number from a loss of 11,000 jobs to a gain of 4,000. That’s the first monthly gain in two years.

But December’s data came in showing job losses of 85,000, with the official unemployment rate holding steady at 10%. The underemployment rate moved up slightly, from 17.2% in Nov. to 17.3% in Dec. The most disturbing trend I’m seeing in the numbers is the long-term unemployed, those people out of work for more than 27 weeks. This group of out of work Americans now accounts for 40% of all unemployed people , or 6.1 million people. This group has grown by 135% in the last 12 months. Getting these long-term unemployed back to work is going to take a very long time.

Download a beautiful, high-resolution 11 X 17 pdf version here.

Dec 2009 dash-large

Dashboard of Unemployment in the U.S.

November’s Real unemployment above 17% and 27 million Americans out of work, but there are bright spots. My dashboard shows you where things are starting to improve.

My award winning dashboard is at the bottom of this post

Last month real unemployment stood at 17.2% and 26.9 million Americans were out of work.

Right now I hear my savvy readers saying, “Wait a minute! The unemployment rate is 10%, and only 15 million Americans are out of work.” To you I say, ‘yes’, that’s one way of looking at things. In fact, there are at least five ways to look at the unemployment rate. That’s because the Bureau of Labor Statistics reports unemployment 5 different ways. The official unemployment number is reported in their U-3 statistic, which they adopted as the official rate in 1994. Before that, the official statistic was U-5. Here’s a link to a pdf from the BLS detailing the history of their different ways to measure unemployment.

The U-3 statistic includes unemployed people 25 years old or older expressed as a percentage of the civilian labor force ages 25 and up. It doesn’t include “discouraged workers”. Discouraged workers are people who want to and “be available for work and have searched for work in the prior year, even though they are not currently looking for a job because they feel their search would be in vain.” I wonder if all the out of work autoworkers in Detroit who lost their jobs a year ago are measured in the U-3 statistic.

Moving to U-5. The U-5 measure includes the “marginally attached” workers, those people who have given up looking for work for reasons like child-care or transportation problems. These people could take a job if other things happened, like they got day care, or could catch a bus or a train to work.

Last, but not least, the U-6 indicator. It represents the people in U-3 through U-5 plus all people working part time for economic reasons, aka, underemployed workers. Here’s a quote from the paper from the BLS that I site above, “U-6 provides the largest conceptual break with the official measure of unemployment; it is expected to be useful to those who want a single measure to represent a general view of the degree to which existing and potential labor resources are not being utilized.” I like to start with that figure to help get things into focus and perspective–27MM out of 156MM Americans are out of work or working part-time and are underemployed.

The November update is showing lots of interesting things going on with the long-term unemployed (27 weeks or more). Also, be sure to check out the Industry section on the bottom right side of the dashboard where things are changing fast. Seventy percent of industries covered in the section reported an increase in weekly hours of production for November. Here’s the trend for the percentage of industries (there are forty reported by the BLS) seeing an increase in hourly production over the last 12 months, industry_bar. All of the statistics I report are seasonally adjusted, so this isn’t a pre Christmas bump.

Download beautiful, high-resolution 11 X 17 pdf version here.

final_dash_Nov_2009

October’s Real Unemployment nears 18%, over 25MM Americans jobless. Oddles more insights in this award-winning Dashboard

My dashboard is updated with October’s unemployment data.

I’ve found some interesting commentary about October’s non-seasonally adjusted numbers in the business section of the NYTimes, by Floyd Norris, here.

Click on the image for a larger version.

Unemployment in the US, Oct 2009

Unemployment in the US, Oct 2009

Reblog this post [with Zemanta]

September’s jobless rate hits 9.8%. “So what?” says the Biz Intel Guru. Go deep into today’s report with his updated unemployment dashboard

While unemployment rose this month to its highest level since 1983 and 263,000 more Americans are out of work, the Business Intelligence Guru’s dashboard on U.S. Unemployment shows two positive signs.

The signs are located in the industry sector detail of the dashboard, on the bottom right hand side of the page.  This section of the dashboard reports on a seasonally adjusted, month-to-month index measurement of weekly hours of production. One sector seeing more work this month is manufacturing sub sector of beverage and tobacco products. In fact, the beverage and tobacco products sector has seen back to back increases in this index, which stands at its highest level since January 2009. Here’s the 10 year trend for the beverage and tobacco index .

The manufacturing sub sector textile product mills index of weekly hours of production has been declining for the last decade and the pace of the decline moved from steady to freefall starting in March 2007 when the index stood at 73.3. From March 2007 to April 2008 the textile product mills index of weekly hours fell from 73.3 down to 58.4. This month’s index value of 60.2 puts the index at its highest level in 6 months. Here’s the 10 year trend for textile product mills .

Click on the image for a high resolution version.

Unemployment Dashboard Sept 2009

Unemployment Dashboard Sept 2009