2 employment charts just out, for your consideration and discussion.

[dixiegrrrrl]

edited to add a 3rd chart:

[hugo_from_TN]

1. Some of this is an ageing population I would think.

It would be interesting to correlate to a chart showing age groups of residents.

[lumberjack_jeff]

3. Ageing = over 45 and thus unemployable. n/t

[Vinee]

7. older people are working more than ever now though.

There's an article in general discussion today about a 72 year old meat packer who fell into a meat grinder and died for example.

[dixiegrrrrl]

5. I agree that would be interesting, since I do not know who is counted.

However, I DO know that for years the Government has been very interested in putting forth the most positive numbres possible ( and then later, month after month, quarter after quarter, quietly "correcting" the positive numbers)
so I am not sure they would count retired/ageing folks, which would only add to a dismal picture.

And of course the NUMBER of unemployed does NOT count people who have fallen off unemployment roles, does not count the million plus homeless, does not count the severe under employment rate.

[femrap]

6. The Boomers

have barely started to retire....and given how badly their 'pension' funds are doing, many will have to work until they die.

But you're right....it would be nice to see the graphs by age. Lots of young folks don't have jobs.

[Vinee]

9. I believe that many retiring boomers will not have to worry about training a replacement.

many of their positions existed simply because they were protected by a union contract. My father was such a person. When he retired, his position was immediately abolished.

[femrap]

18. And all of the Boomers not

in a union have long since been fired, downsized, outsourced, or have trained their overseas replacement.

Now it's just $8/hour jobs w/ no benefits.

[lumberjack_jeff]

2. Exactly. Excellent graphics.

In 1999, 65% of the population was employed, it is now less than 58%. The "unemployment rate" is meaningless. In the Bush decade, a million people left the workforce each year.

[stockholmer]

4. Civilians Not In Labor Force Hits All Time Record

And just in case we are accussed of distorting demographic data, here is the same chart indexed at 100% compared to the change in the total population. Demographic crunch anyone?





http://www.zerohedge.com/article/civilians-not-labor-force-hits-all-time-record

[dixiegrrrrl]

8. That bottom graph clearly shows the "double-dip" recession ( or continuing depression) we have.

Many argue we really never recovered from the 2000 dot com bust.
The graph clearly shows that earnings only peaked in 2007, just in time for the 2008 bust.
Essentially, there has been no retention of earnings for the last 10 years.

[lumberjack_jeff]

11. The bottom graph is fishy.

I suspect 2006-2008 is skewed by banker bonuses or something.

[stockholmer]

15. the bankers bonuses were even larger in 2009 and 2010 ( a record $150+ Billion in 2010 alone)

the wealth is being transferred vertically at a breathtaking pace

In 1965, the bottom 40% of the population owned 15% of the wealth in the USA, now they own 75 TIMES LESS. Even Iran has a more equitable wealth distribution. (see 3rd chart at bottom)


Source: U.S. Federal Reserve

This graph below is from 2007 data (pre-crash), now the numbers are even more skewed, the top .01% families made over $70 million per year in 2009, and 2010 estimates put them at over $100 million a year.


Table 7: Income equality in selected countries
Country/Overall RankGini Coefficient
1. Sweden 23.0
2. Norway 25.0
8. Austria 26.0
10. Germany 27.0
17. Denmark 29.0
25. Australia 30.5
34. Italy 32.0
35. Canada 32.1
37. France 32.7
42. Switzerland 33.7
43. United Kingdom 34.0
45. Egypt 34.4
56. India 36.8
61. Japan 38.1
68. Israel 39.2
81. China 41.5
82. Russia 42.3
90. Iran 44.5
93. United States 45.0
107. Mexico 48.2
125. Brazil 56.7
133. South Africa 65.0

Note: These figures reflect family/household income, not individual income.
Source: Central Intelligence Agency (2010)

[lumberjack_jeff]

12. The middle graph suggests that there is about the same % of people not in the labor force as 1980

Unlike 1980, not by choice.

[notesdev]

10. This country won't survive those numbers

When 40%+ of the country is not producing anything we've got a big, big problem. And with 1 out of 3 households not able to afford to eat without food stamps... this country could become Egypt in a hurry if things keep going down this route.

[dixiegrrrrl]

14. Or India:....Sacked workers burn boss to death

Indian police have detained two people after an angry mob of sacked steel workers burned to death a senior executive.

After learning they were laid off, about a dozen workers attacked a 4x4 vehicle carrying Radhey Shyam Roy as he was leaving the factory in eastern Orissa state on Thursday.
They doused it with petrol and set it ablaze, said police Superintendent Ajay Kumar Sarangi.

Two other people in the vehicle were allowed to flee but Roy, 59, was trapped inside and died of severe burns, Sarangi said.

Get this:
"Incidents of industrial violence are common in India, where workers often target executives in cases of wage disputes and job losses."

http://www.independent.co.uk/news/world/asia/sacked-workers-burn-boss-to-death-2232350.html

[Thunderstruck]

13. Cassandras and Cornucopians arriving in 3, 2, 1...

[karynnj]

16. In addition to the bad economy, some of this is that the babyboomers

are starting to retire. Since we were born, we have created demographic changes. I don't know how much this impacts the chart - and it is VERY clear that this shows many people no longer counted as "unemployed", when in truth they are - they just can't get a job.

[stockholmer]

17. dollar dive-in 1971, it cost 114 ounces of gold for the average USA car,in 2011, it costs 19 ounces

The price in 1971 of a car ($4000), price of a car in 2011 ($28,000). Nominal wages are almost flat, but inflation has eroded the purchasing power tremendously.


edited to add text in comment

[VoteProgressive]

19. Great Charts!

[dixiegrrrrl]

20. The source site produces them every month, from BLS data.