Graph of the Day for February 18, 2010

Randall Hoven
"The unemployment rate hit 10 percent in October, and there are good reasons to believe that by 2011, 2012, even 2014, it will have declined only a little. Late last year, the average duration of unemployment surpassed six months, the first time that has happened since 1948, when the Bureau of Labor Statistics began tracking that number. As of this writing, for every open job in the U.S., six people are actively looking for work."  Don Peck in The Atlantic Monthly.



Source:  St. Louis Fed, UEMPMEAN series.


Hoven's Index for February 18, 2010


Number of civilians unemployed 27 weeks or more, as of December 2007:  1,325,000

As of December 2008:  2,612,000

As of December 2009:  6,130,000


Civilian participation rate, as of December 2007:  66.0%

As of December 2008:  65.8%

As of December 2009:  64.6%


Source:  St. Louis Fed.


Graph of the Day Archive.

"The unemployment rate hit 10 percent in October, and there are good reasons to believe that by 2011, 2012, even 2014, it will have declined only a little. Late last year, the average duration of unemployment surpassed six months, the first time that has happened since 1948, when the Bureau of Labor Statistics began tracking that number. As of this writing, for every open job in the U.S., six people are actively looking for work."  Don Peck in The Atlantic Monthly.



Source:  St. Louis Fed, UEMPMEAN series.


Hoven's Index for February 18, 2010


Number of civilians unemployed 27 weeks or more, as of December 2007:  1,325,000

As of December 2008:  2,612,000

As of December 2009:  6,130,000


Civilian participation rate, as of December 2007:  66.0%

As of December 2008:  65.8%

As of December 2009:  64.6%


Source:  St. Louis Fed.


Graph of the Day Archive.