Unemployment Continues to Rise in April 2009; Long-term Unemployed at Record Level
In April of 2009, the Bureau of Labor Statistics reported that the unemployment rate increased from 8.5% to 8.9% and another 539,000 net jobs were lost. The only sector with significant growth was the government sector, which gained 72,000 jobs (led by the hiring of temporary workers for the 2010 Census). Not counting government jobs, the economy lost 611,000 jobs. Since the recession began in December of 2007, 5.7 million jobs have been lost and almost 6 million private sector jobs have been lost. There was some slight moderation in the number of jobs lost in April compared to the previous four months (whose losses, revised upwards, average over 700,000 per month), although this could easily change with future revisions. Black unemployment saw a large increase (from 13.3% to 15%), led by big gains for adult black men (from 15.4% to 17.2%) and black women (from 9.9% to 11.5%). There has been a slight decline in the recently unemployed (less than 5 weeks) and a sizeable increase in the long-term unemployed (more than 27 weeks) and now the share of unemployed who are long-term unemployed is 27.2%--the highest on record (since 1948). The median time unemployed (12.5 weeks) is also the highest on record.
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| 2009_AprilEmploymentReport.pdf | 94.25 KB |
