Unemployment, which tends to lag recovery, fell below 8% in September 2012 for the first time since early 2009. Declines have been slow to materialize, with February 2013 unemployment still at 7.7% an...
d well above its long-run average of 6%, which is causing worries that no new jobs are being added (Figure A1.4). Looking at a broader measure of underutilized workers—one that sums the number of unemployed with those working part time for economic reasons and those who want work but have quit searching— tells a similar story. While the broader measure has dropped from its peak of just over 17% in 2009–2010, the February 2013 rate of 14.3% was still higher than before the global economic downturn. However, the number of people filing claims for unemployment benefits fell to a 4-week seasonally adjusted average of 339,750 in the week ending 16 March 2013, the lowest since March 2008, suggesting further strengthening in the labor market is likely in the coming months.
a) As share of labor force plus persons marginally attached to the labor force.
Source: US Department of Labor. Bureau of Labor Statistics. http://www.bls.gov/
(accessed 19 March 2013).
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.