The February employment report is due out this Friday. Calculated Risk has a primer. The big picture:
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.