11-Years From 2000 to 2011: Despite 30 Million Population Growth, First 11-Yr Job Loss Since 1927-'38

Transcription

1 40% 11-Years From 2000 to 2011: Despite 30 Million Population Growth, First 11-Yr Job Loss Since 1927-'38 % Total US Job Growth/Loss: Eleven Years Ending October Each Year 30% 20% 10% 0% October 2000 to October 2011: -600,000 Total US jobs lost (-0.5%)

2 First 11-Years of Private Sector Job Losses Since the 1930s % Growth of US Private Sector Jobs: Eleven Years Ending October Each Year 30% 20% 10% 0% October 2000 to October ,836,000 private sector jobs lost (-1.6%)

3 The Ongoing Worst Ever 11-Year Plunge of Manufacturing Jobs % US Manufacturing Job Growth or Loss: Eleven Years Ending October Each Year 30% 20% 10% 0% -10% -20% -30% October 2000 to October 2011: -5,456,000 manufacturing jobs lost (-31.7%)

4 The Uncounted Jobless in first sustained 3-yr Labor Force decline on record: those employed or looking for work FELL by -596,000 in the past three years 5% % Three-Yr change in Labor Force -- those working or counted as looking for work: ending October each Year 4% 3% 2% 1% 0% A one-month plunge in the labor force data for October 1952 appears to be a survey error. Three years: October 2008 to October 2011: labor force declined by -755,000 people, -0.5% -1%

5 Even with Labor Force Decline, Unemployment Is Near Record Worst levels since Depression Except for late-1982/early-1983 (when counted labor force rose sharply) % of those counted as active in the Labor Force and Unemployed: October each year 10% 8% 6% 4% 2% 0%

6 Soaring Record Numbers of People Still Counted Jobless 27 Weeks or More The Last Three Year's Long-term Unemployed Are Far Worse Than Any on Records Millions of People Officially Unemployed and still looking for work for 27 weeks or more: October each Year

7 Even With Unprecedented Dropouts, Records Shattering"Official" Time Jobless Of those still counted, the average time unemployed is near double previous worsts Average Weeks Jobless for Those Still Counted as Unemployed: October Each Year

8 C. McMillion/MBG Information Services The Worst ELEVEN-Year Jobs Record Since Private Sector Now Has -1,836,000 Fewer Jobs Than 11-Years Ago October October Change Over Past 11 Years Industry: Nonfarm Jobs (1,000) (Thousands) (Percent) Total nonfarm , , % Total private , , % Total private supervisory... 20,742 19, % Total private non-supervisory... 90,631 90, % Goods-producing... 24,636 18, % Goods-producing supervisory... 6,510 5, % Goods-producing non-supervisory... 18,126 13, % Service-providing , , % Private Service-providing... 86,737 91, % Private Services supervisory... 14,232 14, % Private Services non-supervisory... 72,505 77, % Mining and logging % Logging % Mining % Oil and gas extraction % Mining, except oil and gas % Coal mining % Support activities for mining % Construction... 6,814 5, % Construction of buildings... 1, , % Residential building % Nonresidential building % Heavy & civil engineering construction % Specialty trade contractors... 4, , % Manufacturing... 17,215 11, % Supervisory workers... 4,859 3, % Non-supervisory workers... 12,356 8, % Durable goods... 10,873 7, % Supervisory workers... 3,239 2, % Non-supervisory workers... 7,634 5, % Wood products % Nonmetallic mineral products % Primary metals % Fabricated metal products... 1, , % Machinery... 1, , % Computer and electronic products... 1, , % Computer and peripheral equipment % Communications equipment % Semiconductors and electronic components % Electronic instruments % Page 1 of 4 All Data are seasonally adjusted by the BLS.

9 C. McMillion/MBG Information Services The Worst ELEVEN-Year Jobs Record Since Private Sector Now Has -1,836,000 Fewer Jobs Than 11-Years Ago October October Change Over Past 11 Years Industry: Nonfarm Jobs (1,000) (Thousands) (Percent) Electrical equipment and appliances % Transportation equipment... 2, , % Motor vehicles and parts... 1, % Furniture and related products % Miscellaneous manufacturing % Nondurable goods... 6,342 4, % Supervisory workers... 1,620 1, % Non-supervisory workers... 4,722 3, % Food manufacturing... 1, , % Beverages and tobacco products % Textile mills % Textile product mills % Apparel % Leather and allied products % Paper and paper products % Printing and related support activities % Petroleum and coal products % Chemicals % Plastics and rubber products % Trade, transportation, and utilities... 26,261 25, % Wholesale trade... 5, , % Durable goods... 3, , % Nondurable goods... 2, , % Electronic markets; agents/brokers % Retail trade... 15, , % Motor vehicle and parts dealers... 1, , % Automobile dealers... 1, , % Furniture and home furnishings stores % Electronics and appliance stores % Building material/garden supply stores... 1, , % Food and beverage stores... 2, , % Health and personal care stores % Gasoline stations % Clothing and accessories stores... 1, , % Sporting goods, hobby, book, music stores % General merchandise stores... 2, , % Department stores... 1, , % Miscellaneous store retailers... 1, % Nonstore retailers % Transportation and warehousing... 4, , % Air transportation % Page 2 of 4 All Data are seasonally adjusted by the BLS.

10 C. McMillion/MBG Information Services The Worst ELEVEN-Year Jobs Record Since Private Sector Now Has -1,836,000 Fewer Jobs Than 11-Years Ago October October Change Over Past 11 Years Industry: Nonfarm Jobs (1,000) (Thousands) (Percent) Rail transportation % Water transportation % Truck transportation... 1, , % Transit & ground passenger transport % Pipeline transportation % Scenic and sightseeing transport % Support activities for transport % Couriers and messengers % Warehousing and storage % Utilities % Information... 3,676 2, % Publishing industries, except Internet... 1, % Motion picture and sound recording % Broadcasting, except Internet % Telecommunications... 1, % Data processing, hosting and related % Other information services % Financial activities... 7,712 7, % Finance and insurance... 5, , % Monetary authorities - central bank % Credit intermediation and related... 2, , % Depository credit intermediation... 1, , % Commercial banking... 1, , % Securities, commodity, investments % Insurance carriers, related activities... 2, , % Funds, trusts, other financial vehicles % Real estate and rental/leasing... 2, , % Real estate... 1, , % Rental and leasing services % Lessors of nonfinancial intangibles % Professional and business services... 16,808 17, % Professional and technical services... 6, , % Legal services... 1, , % Accounting and bookkeeping % Architectural and engineering... 1, , % Computer systems design and related... 1, , % Management and technical consulting , % Management of companies and enterprises... 1, , % Administrative and waste services... 8, , % Administrative and support services... 7, , % Employment services... 3, , % Temporary help services... 2, , % Page 3 of 4 All Data are seasonally adjusted by the BLS.

11 C. McMillion/MBG Information Services The Worst ELEVEN-Year Jobs Record Since Private Sector Now Has -1,836,000 Fewer Jobs Than 11-Years Ago October October Change Over Past 11 Years Industry: Nonfarm Jobs (1,000) (Thousands) (Percent) Business support services % Services to buildings and dwellings... 1, , % Waste management and remediation % Education and health services... 15,217 20,122 4, % Educational services... 2, , % Health care and social assistance... 12, , , % Health care... 10, , , % Ambulatory health care services... 4, , , % Offices of physicians... 1, , % Outpatient care centers % Home health care services , % Hospitals... 3, , % Nursing and residential care facilities... 2, , % Nursing care facilities... 1, , % Social assistance... 1, , % Child day care services % Leisure and hospitality... 11,876 13,275 1, % Arts, entertainment, and recreation... 1, , % Performing arts and spectator sports % Museums, historical sites, zoos & parks % Amusements, gambling, & recreation... 1, , % Accommodations and food services... 10, , , % Accommodations... 1, , % Food services and drinking places... 8, , , % Other services... 5,187 5, % Repair and maintenance... 1, , % Personal and laundry services... 1, , % Membership assocs & organizations... 2, , % Government... 20,743 21,979 1, % Federal... 2,736 2, % Federal, except U.S. Postal Service... 1, , % U.S. Postal Service % State government... 4, , % State government education... 2, , % State government, ex education... 2, , % Local government... 13, , % Local government education... 7, , % Local government, ex education... 5, , % U.S. Dept. of Labor, BLS and MBG Information Services " Page 4 of 4 All Data are seasonally adjusted by the BLS.