The Statistics

23 Nov

THE NEXT PINK SLIP MIGHT BE YOURS!

Imagine being one of the 14 million Americans who lost their job during the last five years.

Since the recession began in November 2007, the American economy has suffered a loss of over 6 million jobs. Another 10-15 million more have given up hope of finding a job and are not even counted in current unemployment statistics.

As the U.S. economy slowly recovers from one of the longest and deepest recessions since the Depression, we are still facing a 8.3% unemployment rate.

More people were living in poverty last year than in any year since the Census Bureau began keeping records half a century ago.

At the same time, the richest 1% has tripled its wealth and corporations are being bailed out without giving back.

We stand in this unemployment line to recognize those who have lost their jobs and their ability to support themselves and their families.

The line stretches through Manhattan for miles – from Wall Street to Union Square. There are more than 6,000 standing here today, each representing over 1,000 Americans who have lost their jobs in the past years.

 

Stop the spread of pink slips!

… the next pink slip might have your name on it.

___________________________________________________________________________________________

UNEMPLOYMENT: BY THE NUMBERS

  • 14 million: total number of Americans currently unemployed (Bureau of Labor Statistics, 09/2011)
  • 6.3 million: number of people who have become unemployed since December 2007 (Bureau of Labor Statistics)
  • The number of long-term unemployed (those jobless for 27 weeks and over) was 6.2 million in September. These individuals accounted for 44.6 percent of the unemployed. (Bureau of Labor Statistics, 09/2011) 
  • The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose to 9.3 million in September. (Bureau of Labor Statistics, 09/2011)
  • The ratio of unemployed workers to job openings has been for three years straight at or above 3-to-1. (Economic Policy Institute, 10/2011) 
  • The number of job openings decreased by 157,000. The general trend shows no net improvement in the number of job openings since March 2011. (Economic Policy Institute, 10/2011)
  • Since June 2011, 28 states and the District of Columbia have seen their unemployment rates rise, and 22 states have lost jobs. (Economic Policy Institute, 10/2011) 
  • More Americans filed for bankruptcy protection in March 2010 than at any time since federal bankruptcy laws were overhauled in 2005. (Reuters, 2010)
  • About 20% of American adults who have jobs are earning only $10.65 an hour or less. Even at 40 hours a week, that amounts to less than $22,314, the poverty level for a family of four. The federal minimum wage currently stands at $7.25 an hour (18 states set their own rates above the federal level, maxing out at $8.67 an hour in Washington State). (CNNMoney, 2011)
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