{"id":535736,"date":"2010-04-20T14:03:35","date_gmt":"2010-04-20T18:03:35","guid":{"rendered":"http:\/\/www.businessinsider.com\/fully-70-of-american-households-are-still-experiencing-financial-problems-2010-4"},"modified":"2010-04-20T14:03:35","modified_gmt":"2010-04-20T18:03:35","slug":"forget-10-unemployment-the-real-job-loss-pain-number-is-54","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/535736","title":{"rendered":"Forget 10% Unemployment, The Real Job Loss Pain Number Is 54%"},"content":{"rendered":"<p>A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1\/10th of Americans experiencing extreme financial stress from the recent recession.<\/p>\n<p>Yet given the unemployment rate&#8217;s odd methodology whereby it drops people who stop looking for work out of the data, and the fact that American households usually have more than one person, <strong>the real &#8216;pain&#8217; number is 54%<\/strong> &#8212; over half of American households felt the direct impact of job losses:<\/p>\n<p><a href=\"http:\/\/pewresearch.org\/databank\/dailynumber\/?NumberID=973&amp;utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+pewresearch%2Fall+%28PewResearch.org+%7c+All+Feeds%29&amp;utm_content=Google+Reader\">Pew Research:<\/a><\/p>\n<p style=\"padding-left: 30px;\">A majority now says that someone in their household has been without a job or looking for work (54%); just 39% said this in February 2009. Only a quarter reports receiving a pay raise or a better job in the past year (24%), while almost an equal number say they have been laid off or lost a job (21%).<\/p>\n<p style=\"padding-left: 30px;\"><img decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/image\/4bcde8187f8b9ad1105a0000\/chart.gif\" border=\"0\" alt=\"Chart\" \/><\/p>\n<p>Basically, if your household didn&#8217;t experience un- or under-employment, then you are in the minority. Moreover, as shown above, fully 70% of American households experienced one of the serious financial problems above. Basically, the vast majority of American households was hit extremely hard.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/fully-70-of-american-households-are-still-experiencing-financial-problems-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/-F2Zf4DYM3o\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A March survey from Pew shows just how broad the unemployment pain has been felt. When you hear of 10% unemployment, you might imagine 1\/10th of Americans experiencing extreme financial stress from the recent recession. Yet given the unemployment rate&#8217;s odd methodology whereby it drops people who stop looking for work out of the data, [&hellip;]<\/p>\n","protected":false},"author":6205,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-535736","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535736","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\/6205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=535736"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/535736\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=535736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=535736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=535736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}