Five Long-Term Unemployment Questions
Tomorrow is (yet again) NFP day. While everyone is worrying about whether the December numbers were merely seasonal, we should also consider some of the longer term trends in Unemployment. These have major repercussions for Retail Sales and the ongoing Housing Weakness.
Fortunately, Pew Trusts gave us a full overview:
How Long Have the Unemployed Been Jobless?
Where are the Long-Term Unemployed?
Total and Long-Term Unemployment by Census Division, Quarter 4, 2011
More charts after the jump
Labor Force and Unemployed Populations by Age, Education and Race/Ethnicity, Quarter 4, 2011
Long-Term Unemployment as a Percentage of the Total Unemployed
Are Workers Being Laid Off Permanently?
Permanent and Temporary Layoffs as a Percentage of the Total Unemployed
Source: Pew Trusts