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

11 January 2010 No Comment

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.

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