{"id":912,"date":"2014-01-13T01:37:10","date_gmt":"2014-01-13T01:37:10","guid":{"rendered":"http:\/\/njfac.org\/wpb\/?page_id=912"},"modified":"2016-12-11T02:44:12","modified_gmt":"2016-12-11T02:44:12","slug":"jobnews7-13","status":"publish","type":"page","link":"https:\/\/njfac.org\/index.php\/jobnews7-13\/","title":{"rendered":"July 2013"},"content":{"rendered":"

JULY 2013 UNEMPLOYMENT DATA*<\/b>
\n(U.S. BUREAU OF LABOR STATISTICS)<\/p>\n

OFFICIAL UNEMPLOYMENT: 7.4%<\/b>
\n<\/b>A year earlier, the number of unemployed persons was12.7
\nmillion, and the jobless rate was 8.2 percent.\u00a0[<\/b>BLS]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
White<\/b><\/td>\n\n

\u00a0\u00a0\u00a0 \u00a0<\/b>6.6%<\/b><\/p>\n<\/td>\n<\/tr>\n

African American<\/b><\/td>\n\n

12.6%<\/b><\/p>\n<\/td>\n<\/tr>\n

Hispanic<\/b><\/td>\n\n

9.4%<\/b><\/p>\n<\/td>\n<\/tr>\n

Asian**<\/b><\/td>\n\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/b>\u00a0<\/b>\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0<\/b>\u00a05.7%<\/b><\/p>\n<\/td>\n<\/tr>\n

Persons with a disability**<\/b><\/td>\n\n

\u00a0\u00a0\u00a0\u00a014.7%<\/b><\/p>\n<\/td>\n<\/tr>\n

Men 20 years and over<\/b><\/td>\n\n

7.0%<\/b><\/p>\n<\/td>\n<\/tr>\n

Women 20 years and over<\/b><\/td>\n\n

6.5%<\/b><\/p>\n<\/td>\n<\/tr>\n

Teens (16-19 years)<\/b><\/td>\n\n

23.7%<\/b><\/p>\n<\/td>\n<\/tr>\n

Black teens<\/b><\/td>\n\n

41.6%<\/b><\/p>\n<\/td>\n<\/tr>\n

Officially unemployed<\/b><\/td>\n\n

11.5 million<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

HIDDEN UNEMPLOYMENT<\/b><\/p>\n\n\n\n\n\n
Working part-time because can’t find a full-time job:<\/td>\n\u00a08.2 million<\/b><\/td>\n<\/tr>\n
People who want jobs but\u00a0are not looking so\u00a0are not counted in official statistics (of which about 2.4 million** searched for work during the prior 12 months and were available for work during the reference week.)<\/td>\n\u00a06.6 million<\/b><\/td>\n<\/tr>\n
\n

Total:<\/b>\u00a026.3 million (16.2% of the labor force)<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source:\u00a0http:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf<\/a>\u00a0See also\u00a0Current Employment Statistics–Highlights
\n<\/a>
\n**Not seasonally adjusted.
\n*See\u00a0Uncommon Sense #4<\/a><\/i>\u00a0for an explanation of the unemployment measures.<\/p>\n

In addition, millions more were working full-time, year-round, yet earned less than the official poverty level for a family of four. In 2011, the latest year available, that number was 17.9 million, 17.6 percent of full-time, full-year workers (estimated from\u00a0Current Population Survey, Bur. of the\u00a0 Census, 9\/2012).<\/a><\/p>\n

In May 2013, the latest month available, the number of job openings was 3.8\u00a0million<\/b>,\u00a0“little changed from April. The number of job openings was little changed over the month in most industries but rose in retail trade and fell in professional and business services. The number of job openings rose in the Midwest but was essentially unchanged in the other three regions.”\u00a0Job Openings and Labor Turnover Estimates<\/a>, July 9, 2013.+<\/p>\n

Thus there are now nearly 7 job-wanters for each available job.<\/a><\/p>\n

Private Payroll Employment Has Grown For 41 Months\u00a0<\/a><\/strong>cbpp 8\/13\"\"<\/p>\n

Long-Term Unemployment Remains High<\/a><\/strong>\"\"<\/p>\n

Employment-population ratio\u00a0<\/a><\/strong>1\/1948 to 7\/2013
\n\"\"<\/p>\n

GDP Fell Far Below What the Economy Was Capable of Producing<\/a><\/strong>\"\"\u00a0<\/span><\/p>\n

+<\/b>“The number of job openings in May (not seasonally adjusted) was little changed over the year for total nonfarm, total private, and government. Several industries experienced an increase in job openings over the year, including retail trade; transportation, warehousing, and utilities; and finance and insurance. Industries experiencing a decrease in openings over the year were durable goods manufacturing and professional and business services. In the Midwest region, the number of job openings rose over the year.”<\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

JULY 2013 UNEMPLOYMENT DATA* (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 7.4% A year earlier, the number of unemployed persons was12.7 million, and the jobless rate was 8.2 percent.\u00a0[BLS] White \u00a0\u00a0\u00a0 \u00a06.6% African American 12.6% Hispanic 9.4% Asian** \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a05.7% Persons with a disability** \u00a0\u00a0\u00a0\u00a014.7% Men 20 years and over 7.0% Women 20 years and… Read More July 2013<\/span><\/a><\/p>\n","protected":false},"author":20,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-912","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/pages\/912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/comments?post=912"}],"version-history":[{"count":0,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/pages\/912\/revisions"}],"wp:attachment":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/media?parent=912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/categories?post=912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/tags?post=912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}