An interesting analysis by Express Employment
Professionals takes an in-depth look at the "State of the Unemployed"
in America. This is Express Employment Professional's second annual
in-depth poll which looks at the details behind America's 8.549 million unemployed workers and 2.525 million long-term unemployed workers. The poll was conducted over the month of April 2015 and surveyed
1553 jobless Americans. Here are the results.
Let's start with who the
unemployed are:
1.) 57 percent are men,
43 percent are women.
2.) Here is a bar graph
showing the percentage of the total unemployed by age range:
3.) The majority of
unemployed Americans lack education beyond high school as shown on this pie
chart:
Most significantly, 37
percent of Americans that are unemployed have received only a high school
diploma with an additional 8 percent receiving some high school education and 2
percent not attending high school. This means that 47 percent of
unemployed Americans have high school education or less. In contrast, 27
percent of unemployed Americans have either an associate's degree, bachelor's
degree, some graduate school or a graduate degree.
4.) The average duration
of unemployment has risen over the past year, increasing from 23.2 months in
2014 to 26.8 months in 2015. Here is a bar graph showing the percentage
of unemployed Americans by duration:
It is astounding to think
that, six years into the "recovery", 41 percent of unemployed
Americans have been out of work for more than two years.
5.) The survey shows that
it is also a very discouraging job market. A total of 40 percent of
unemployed workers surveyed agreed that they have given up looking for work.
In general, the longer that a person has been unemployed, the more likely
that they have given up looking for work. Breaking the data down further
by duration of joblessness, here are the percentages of those that have given
up looking for work by duration of unemployment in graph form:
6.) Of those that are
unemployed, there is a wide variation in the length of time spent looking for
work (in the previous week):
19 percent spent no time
24 percent spent one to
five hours
18 percent spent six to
ten hours
20 percent spent eleven
to twenty hours
9 percent spent
twenty-one to thirty hours
10 percent spent over
thirty hours
A rather stunning 48
percent of those that are unemployed have not had an interview in the month
prior to the survey with 82 percent of those not having a single interview
since the beginning of 2014 or earlier and 77 percent not having a single interview
since 2013. Of all unemployed Americans, 48 percent would take any job
that was offered to them. As well, among unemployed Americans, only 14
percent are receiving unemployment benefits.
While statistics show a
relatively continuous improvement in the employment picture in the United
States, this data shows us that there are still a significant proportion of very long-term unemployed Americans who are suffering as though the Great Recession
had never ended. What is particularly concerning is that, statistically speaking, the next economic contraction could occur at any time.
The economy has recovered.
ReplyDeleteWhose economy?
Cultural change is sweeping across America and it appears less people really want to work. You can blame it on a lack of compelling opportunities or a variety of different reasons, but this may be a signal the chickens are coming home to roost and the cost could be massive.
ReplyDeleteAs people leave the work force even for a short time many of them find it hard to get excited about the idea of reentering. The arena known as the work place is to many workers a time consuming and unpleasant mix of unfulfilling task. The article below delves into the ramifications of a Shrinking Labor Pool that represents a dramatic shift in the values of the American people and the implications for society at large.
http://brucewilds.blogspot.com/2015/03/shrinking-labor-pool-is-cause-for.html