Virginia, Colorado and Rhode Island Are Unemployed

More

Calculated Risk previews the February employment report on Friday:

There are 7.7 million fewer payroll jobs now than before the recession started in December 2007.
Almost 14 million Americans are unemployed.
Of those unemployed, 6.2 million have been unemployed for six months or more.
Another 8.4 million are working part time for economic reasons,
About 4 million more have left the labor force since the start of the recession (we can see this in the dramatic drop in the labor force participation rate),
Of those who have left the labor force, about 1 million are available for work, but are discouraged and have given up.

I always find it helpful to translate into states and cities. So...

-- Payrolls have shed the equivalent of Virginia since the recession started in December 2007.
-- The entire populations of Virginia, Colorado, and Rhode Island are unemployed.
-- The entire metro areas of Chicago and Los Angeles have been unemployed for six months or more.
-- The entire metro area of New York City is working part time for economic reasons.
-- The whole of Kentucky has left the labor force since the start of the recession.
-- The workweek population of Washington, D.C., has given up looking for work.

Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

A Breathtaking Tour Above the Moab Desert

Filmmaker Ian Cresswell rigs an HD camera atop a remote-controlled "octocopter" for some spectacular aerial views.


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Where Time Comes From

The clocks that coordinate your cellphone, GPS, and more

Video

Computer Vision Syndrome and You

Save your eyes. Take breaks.

Video

What Happens in 60 Seconds

Quantifying human activity around the world

Writers

Up
Down

More in Business

Just In