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Unemployment Numbers Higher Than Government Quoting?


For weeks, Greg Noel roamed the spine of the Green Mountains with a handheld GPS unit, walking dirt roads and chatting with people as he helped create a map of every housing unit in the United States.
Work was good: The sun was out, the snow was gone and the blackflies hadn't begun to hatch. But now that work is over and Noel, 60, and more than 60,000 other Americans hired in April to help with the 2010 census are out of work once more.
It's a familiar predicament in today's economy, in which some 2 million people searching for full-time work have had to settle for less, and unemployment is much higher than the official rate when all the Americans who gave up looking for jobs are counted, too.
Because of the surge of hiring for the census, April unemployment only rose to 8.9 percent - a much slower increase than had been feared.
But consider these numbers:
_The 8.9 percent April unemployment rate was based on 13.7 million Americans out of work. But that number doesn't include discouraged workers or people who gave up looking for work after four weeks. Add those 700,000 people, and the unemployment rate would be 9.3 percent.
_The official rate also doesn't include "marginally attached workers," or people who have looked for work in the past year but stopped searching in the past month because of barriers to employment such as child care, poor health or lack of transportation. Add those 1.4 million people, and the unemployment rate would be 10.1 percent.
_The official rate also doesn't include "involuntary part-time workers," or the 2 million people like Noel who took a part-time job because that's all they could get, plus those whose work hours dropped below the full-time level. Once those 9 million workers are added to the unemployment mix, the rate would be 15.8 percent.
All told, nearly 25 million Americans were either unemployed, underemployed or had given up looking for a job in April.
The ranks of involuntary part-timers has increased by 4.9 million in the past year, according to a May study by the Federal Reserve Bank of Cleveland. Many economists now predict unemployment won't peak until 2010. And since employers generally increase the hours of existing workers before hiring new ones, workers could be looking for full-time jobs for some time.
Even so, one economist said the increase in involuntary part-timers might have a silver lining. Gary Burtless, a senior fellow in economic studies at the Brookings Institute, said employers are likely cutting back everyone's hours instead of laying off people.
"In many countries, it's regarded as a good thing," he said.
For tens of thousands of people like Noel, a part-time job isn't their dream, but it beats the alternative. A Pennsylvania native and veteran of the Silicon Valley boom-and-bust cycle, Noel settled in southern Vermont in 2003. He'd worked a series of jobs, commuting to his latest position as an auditor for a family owned food and beverage distributor in Brattleboro before being laid off in early spring.
Vermont is in better shape than most states - but not by much. Real estate and tourism, pillars of the state's economy over the past decade, are staggering.
Many parents who were frantic last year about sons and daughters serving in Iraq and Afghanistan - the state has sent a disproportionate share of its young people overseas - now are relieved their children have a steady job with benefits. Financial jobs are few. "The economy?" Noel asks between bites of a bison burger in a tiny diner. "You just don't know if it's ever going to come back. We may never have it so good again."
When the Census Bureau offered him a part-time job mapping houses nearly an hour from his Windham home, Noel jumped at it. The money, $10 to $25 an hour plus 55 cents per mile, was a big factor. But Noel said he also wanted to be part of a larger community effort, and the 2010 census is nothing if not a large community effort.
When the first numbers are released in December 2010, the Census Bureau will have spent more than $11 billion and hired about 1.2 million temporary employees. The government conducts its census every decade to determine the number of congressional seats assigned to each state, but the figures collected also help the government decide where to spend billions of dollars for the poor and disabled, where to build new schools and prisons and how state legislative boundaries should be designed.
It hasn't been the perfect job - that would be a full-time position with benefits - but Noel says the census job worked out well. It eased the pain of being unemployed, giving him something to do and made him realize his entire life doesn't have to be about financial management.
"It's just statistics," said Noel, "but it's important."
But last week, he was unemployed again, a victim of the Census Bureau's efficiency. Since the government was able to draw from a well-qualified but mostly out-of-work pool of applicants, the work done by more than 140,000 field employees went far more quickly than expected.
"We've always done well, but this time around was amazing," said Stephen L. Buckner, a Census Bureau spokesman. "It's a tough economic time."
For some temporary workers, the outlook is brighter. Ian Gunn spent five weeks "being paid to hike. It was great." Gunn, an 18-year-old high school senior heading to Renssalaer Polytechnic Institute next year to study computer science, hopes for a better economy when he graduates, one that offers more security than a series of part-time jobs.
"It's going to take time," he said, "but I've got four more years."
Noel, though, is uncertain about the future. It's possible he'll be called back to work later in the fall for the final push. The Census Bureau expects to send roughly 1.2 million workers out to count people who don't return their questionnaires; the hiring will push down unemployment numbers for several months during that period.
For now, Noel says, he and his wife are living without frills. He looks for another job and she runs Green Mountain Chef, a catering business near Stratton Mountain. Demand has slowed dramatically since the economic meltdown began, as it has for most tourism-dependent businesses in Vermont.
Noel hopes to avoid being a statistic for too long. Unemployment insurance will give him about $425 a week - enough to pay the mortgage and maybe the health insurance bill. Right now, the couple pays about $280 a month, but that will climb to $850 in September, when his government-subsidized COBRA policy expires.
"I hope something comes up," he says. "But there's not an awful lot out there."


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95 helpful answers

Mat. 6:33 "Seek Ye First the Kingdom of God and All these things Shall Be Added to You!!!

But I don't Understand, our savior put forth a "Perfet Plan" "Guaranteed to Bring Back Prosperity", someone must have done something wrong!!! So where are all his Supporters right now??? Standing in line for work??? Tippy/Amber, help us understand why our Economy hasn't "Picked Up". Obummer has "Printed Lots of $$$". put his "Friends in Offices to Run Things" (the ones not in IRS trouble or Jail), "Paid Back his Election Favors", "Ruined our International Relations with Israel", he is spending our $$$ on as many "Personal Trips" with his wife as Possible & even "Pravda" is questioning his "Actions" & yet Nothing seems to be working??? Maybe if we "Crown him as King" so he doesn't have to be "Accountable to ANYONE", do U think that would work??? Then he would have "Absolute Power" & could just "Order Prosperity" & "Order the Jews to give the Gaza to the PLO" & "Order the Koreans to Re-Join into just one Communist Country", yeah, that would be the "Ticket"!!!   John

Posted 2009-06-05T20:59:23Z
Moosemose was invited by Yedda to answer this question.

 
134 helpful answers

Your direction,not your intention,determines your destination

The figures can't be correct and for June they will be higher because of GM lay offs.My son was laid off about 3 weeks ago after 12 years on the job. Our paper which use to carry lots of want ads for jobs is down to about 2 pages now. Companies are putting a freeze on hiring so they can try to keep the employees they have now working. It is rough right now and going to get rougher due to our Mr.Change. He's changing something everday that doesn't help the average "joe" one iota. Thanks Mr. Obama.

Posted 2009-06-06T11:50:19Z
A Brown was invited by Yedda to answer this question.

 
974 helpful answers

Be Blessed.

Though I speak with the tongues of men and of angels, and have not charity (Love), I am become as a sounding brass, or a tinkling cymbal.

Charity suffereth long, and is kind; charity envieth not; charity vauneth not itself, is not puffed up, Doth not behave itself unseemly, seekth not her own, is not easily provoked, thinketh no evil; Rejoiceth not in iniquity, but rejoiceth in truth; Beareth all things, believeth all things, hopeth all things, endureth all things. Charity never faileth.

And now abideth faith, hope, charity, these three; but the greatest of these is (Love) charity.  

http://www.cnbc.com/id/31121301


Job Losses at 345,000, Less Than Forecast; Rate at 9.4%


Topics:Economic Data | Employment | Consumers | Economy (Global) | Economy (U.S.)


By: Reuters | 05 Jun 2009 | 12:51 PM ET
Text Size


The pace of U.S. job losses slowed sharply last month, the strongest sign to date that the recession is diminishing, even as the unemployment rate hit its highest in nearly 26 years.
The Labor Department said Friday that U.S. employers cut 345,000 jobs in May, the fewest since September and far less than economists had forecast, after slicing 504,000 in April. The unemployment rate raced to 9.4 percent, however, the highest since July 1983, from 8.9 percent in April, partly reflecting a surge in people entering the labor force.
laid off
"It keeps hopes alive for a full recovery in the U.S. economy by the second half. It's a step in the right direction," said John Canally, investment strategist and economist for LPL Financial in Boston.
U.S. stocks pushed higher on the data, while bond prices fell and the dollar rose on the view the Federal Reserve — the U.S. central bank — may need to begin withdrawing its extraordinary monetary support for the recession-pummeled economy before year-end.
The relatively small decline in payrolls, which beat market expectations for a 520,000 drop, sparked rumors in financial markets that the government had published incorrect figures, but Labor Secretary Hilda Solis dismissed the rumors as false.
The U.S. economic recession, now in its 18th month, is the longest since the Great Depression and has wiped out six million jobs. March and April data were revised to show 82,000 fewer jobs were lost in those months than previously reported.
Brighter Light
"The light at the end of the tunnel just got a lot brighter. May's employment report brings clear evidence that the labor market is beginning to stabilize," said Nigel Gault, chief U.S. economist at IHS Global Insight in Lexington, Mass.
The report supported other surveys and a recent decline in new applications for unemployment benefits that appeared to back perceptions that the rate of layoffs was decelerating. A raft of recent data — from gains in home sales to rising consumer confidence — has supported growing optimism that economic growth would resume in the second half of the year.
 






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Current DateTime: 10:39:59 07 Jun 2009
LinksList Documentid: 31121546

 

While the job losses in May were spread across almost all sectors, the pace of layoffs was slower than in prior months. Construction jobs fell 59,000 after dropping 108,000 in April, likely as a result of the government's $787 billion stimulus package.

The service-providing industry shed 120,000 positions after eliminating 230,000 in April. Manufacturing purged 156,000 jobs in May, possibly reflecting auto plant shutdowns in the wake of Chrysler's bankruptcy filing. The sector shed 154,000 positions in April.

Education and health services payrolls rose 44,000 after increasing 13,000 the prior month. The leisure and hospitality industry added 3,000 jobs, having shrunk consistently. Government, which in April added 92,000 jobs mostly related to preparations for the 2010 census, cut 7,000 in May.

Analysts said they expected payrolls to keep shrinking less severely in the months ahead, with the jobless rate peaking at about 10 percent next year as more people joined the labor market.

 

 

A surge in new labor force entrants and a drop in employment pushed the jobless rate up a half-percentage point  in May, above market expectations for a rise to 9.2 percent.

"This is a reminder that getting the unemployment rate down will be a long, drawn-out task, as workers who had previously given up their job search return to the labor force," said Gault. "But the worst news is behind us, and job declines should progressively soften as the year proceeds."

In a reminder of the labor market's weakness, the length of the average work week eased to 33.1 hours from 33.2 in April. Average hourly earnings climbed to $18.54 from $18.52, putting earnings 3.1 percent above their year-ago level, the smallest 12-month gain since the period ended November 2005.

 

 
974 helpful answers

Be Blessed.

Though I speak with the tongues of men and of angels, and have not charity (Love), I am become as a sounding brass, or a tinkling cymbal.

Charity suffereth long, and is kind; charity envieth not; charity vauneth not itself, is not puffed up, Doth not behave itself unseemly, seekth not her own, is not easily provoked, thinketh no evil; Rejoiceth not in iniquity, but rejoiceth in truth; Beareth all things, believeth all things, hopeth all things, endureth all things. Charity never faileth.

And now abideth faith, hope, charity, these three; but the greatest of these is (Love) charity.  

 
942 helpful answers

I'm a secular progressiveAnimated MonkeysThrow the ball back Biden

 

 

Dear mr. tippy You are a bigot Who hates American & American You Hate Bush so  much you should be ashamed to call yourself a Christian.Christian don't hate you do sir

~You indeed need a blessing~ AP

 
974 helpful answers

Be Blessed.

Though I speak with the tongues of men and of angels, and have not charity (Love), I am become as a sounding brass, or a tinkling cymbal.

Charity suffereth long, and is kind; charity envieth not; charity vauneth not itself, is not puffed up, Doth not behave itself unseemly, seekth not her own, is not easily provoked, thinketh no evil; Rejoiceth not in iniquity, but rejoiceth in truth; Beareth all things, believeth all things, hopeth all things, endureth all things. Charity never faileth.

And now abideth faith, hope, charity, these three; but the greatest of these is (Love) charity.  

AP,

I told you once that I do not debate minors. Why are you out here debating grown ups and calling them names? I know your parents taught you better than that.

Be Blessed  

 
942 helpful answers

I'm a secular progressiveAnimated MonkeysThrow the ball back Biden

 

 

dear sir Please stop e-mailing me ,for I will not give  you my personal infomation thank you MR.TIPPY

May the Lord have mercy on your soul,& the police soon find you

 
974 helpful answers

Be Blessed.

Though I speak with the tongues of men and of angels, and have not charity (Love), I am become as a sounding brass, or a tinkling cymbal.

Charity suffereth long, and is kind; charity envieth not; charity vauneth not itself, is not puffed up, Doth not behave itself unseemly, seekth not her own, is not easily provoked, thinketh no evil; Rejoiceth not in iniquity, but rejoiceth in truth; Beareth all things, believeth all things, hopeth all things, endureth all things. Charity never faileth.

And now abideth faith, hope, charity, these three; but the greatest of these is (Love) charity.  

Once again, I do not play with minors.

Be Blessed

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