Showing posts with label job losses. Show all posts
Showing posts with label job losses. Show all posts
Friday, February 28, 2014
Thursday, December 9, 2010
Job Woes & Housing Distress Inextricably Linked...
Although U.S. employers hired a net 39,000 workers in November 2010, the nation's unemployment rate rose to 9.8%, equal to 15.1 million out-of-work Americans.
Through the first 10 months of calendar year 2010, 909,487 homes have been seized by lenders as a result of foreclosure, an average of 2,992 per day. At that pace, 1.1 million homes will be repossessed during calendar year 2010.
Sources: Department of Labor and RealtyTrac
Friday, December 4, 2009
Chart of The Day - Job Losses Are Over 3 Times The Average Trough
Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 11,000 in November -- the smallest decline since the recession began at the close of 2007.
Today's chart puts that decline into perspective by comparing job losses during the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-2006 (dashed blue line).
As today's chart illustrates, the current job market has suffered losses that are more than triple as much as what occurs at the lows of the average recession/job loss cycle.
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