{"id":511809,"date":"2010-04-03T17:29:00","date_gmt":"2010-04-03T21:29:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/again-the-big-problem-with-unemployment-is-the-length-of-time-people-are-unemployed-2010-4"},"modified":"2010-04-03T17:29:00","modified_gmt":"2010-04-03T21:29:00","slug":"again-the-big-problem-with-unemployment-is-the-length-of-time-people-are-unemployed","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/511809","title":{"rendered":"Again, The Big Problem With Unemployment Is The LENGTH OF TIME People Are Unemployed"},"content":{"rendered":"

Here is a graph of the unemployment rate seasonally adjusted and not seasonally adjusted – plus, by request, two more graphs of the duration of unemployment.<\/p>\n

\"Unemployment<\/a> Click on graph for larger image in new window.<\/span><\/strong><\/em><\/p>\n

The first graph shows the calculated unemployment rate – both seasonally adjusted (SA) and not seasonally adjusted (NSA).<\/p>\n

Some sites noted the NSA rate was “only” 9.5% when the SA moved above 10% last October. Other sites noted that the NSA rate had hit 10.6% in January. Both sites were correct – but there is a clear seasonal pattern for employment, so the SA unemployment rate is the one to use. Note: the SA rate will be above the NSA rate in April.<\/p>\n

ALSO<\/strong> – the graph above uses the calculated unemployment rate (unrounded). For March, the calculated unemployment rate was 9.749% up from 9.687% in February. Both were rounded to 9.7% …<\/p>\n

And on duration of unemployment, by request:<\/p>\n

\"Unemployment<\/a> This graph shows the duration of unemployment as a percent of the civilian labor force (line graph unstacked). The graph shows the number of unemployed in four categories as provided by the BLS: less than 5 week, 6 to 14 weeks, 15 to 26 weeks, and 27 weeks or more.<\/p>\n

Note: The BLS reports 15+ weeks, so the 15 to 26 weeks number was calculated.<\/span><\/p>\n

This really shows the change in turnover – there was more turnover in the ’70s and ’80s, since the ‘less than 5 weeks’ category was much higher as a percent of the civilian labor force than in recent years. This changed in the early ’90s – perhaps as a result of more careful hiring practices or changes in demographics or maybe other reasons – but if the level of normal turnover was the same as in the ’80s, the current unemployment rate would probably be the highest since WWII.<\/p>\n

\"Unemployment<\/a> The last graph is a repeat, but the information is stacked in reverse order.<\/p>\n

In March 2010, there were a record 6.55 million people unemployed for 27 weeks or more, or 4.3% of the labor force. <\/p>\n

For more on duration (and possible causes) see my post yesterday: Duration of Unemployment<\/a><\/p>\n

Earlier employment posts yesterday:<\/p>\n

\n
  • March Employment Report: 162K Jobs Added, 9.7% Unemployment Rate <\/span><\/a>for graphs of unemployment rate and a comparison to previous recessions.<\/span><\/li>\n
  • Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks<\/span><\/a><\/li>\n
  • Diffusion Index and Temporary Help<\/span><\/a><\/li>\n
  • Replay of a Q&A with BLS is here<\/a>.<\/span><\/li>\n<\/div>\n

    Join the conversation about this story »<\/a><\/p>\n

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

    Here is a graph of the unemployment rate seasonally adjusted and not seasonally adjusted – plus, by request, two more graphs of the duration of unemployment. Click on graph for larger image in new window. The first graph shows the calculated unemployment rate – both seasonally adjusted (SA) and not seasonally adjusted (NSA). Some sites […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-511809","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/511809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=511809"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/511809\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=511809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=511809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=511809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}