Labor Update: Unemployment Facts for Iowa and Beyond

Labor Update: Unemployment Facts for Iowa and Beyond


by Tracy
Kurowski

It’s been a two week hiatus since I’ve written anything about labor for the blog. So, inspired by the brilliant Harpers Index, I decided to assemble an assortment of stats related to our still-unfortunate job market:

 – 2010 Budget shortfall Iowa will
face if Congress fails to approve extra funding for Medicaid: $121
million


 – Number of
Iowa state government jobs cut in May: 500

 – Number of
Iowa state workers opting to retire early by June 24th who will not be
replaced: over 2200
http://www.radioiowa.com/2010/06/21/pace-of-job-creation-in-iowa-rivals-1994-levels/



 – Number of jobs created in June: -125,000  
 – Number of jobs created in private sector in June: +83,000
 – Number of people who stopped looking for work in June and who are not counted in the above numbers: 652,000
 – Actual unemployment rate if these workers had remained in the labor force: 9.9%.
 – Average Hourly wage in May: $22.55
 – Average Hourly wage in June: $22.53 http://www.epi.org/publications/entry/job_creation_at_a_glacial_pace/
 – Total number of Americans who had jobs in 2007 who are not working today: 14.6 million
 – Ratio of workers laid off since recession began: 1 out of 3
 – Percent of Americans who have had their work hours reduced since recession began: 28%
 – Percent who have had to take unpaid leave: 12%
 – Percent forced to switch to part time employment: 11%
 – Percent of American households who say they are in worse financial shape since recession began:48%  
 – Percent who say household financial situation is in better shape: 21% http://www.suntimes.com/business/2462566,070410recessiongraph2.fullimage

 – Though Blacks and Hispanics have been hit worse than whites, young workers have been hit hardest of all demographic groups

 – Men suffered worse than women

 – Older men (55+) twice as likely to be without work for six months or longer than men aged 16-25 Another bad sign in today’s report is the fact that average hourly wages declined, from $22.55 to $22.53 in June. epi.org/economic_snapshots/entry/older_men_face_longer_job_searches/

 – Those with college diploma faring better than those with high school diploma alone
 – Median weekly wages for high school diploma in 2000: $629
 – In 2009: $626

 – Median weekly wages for college graduates in 2000: $1030
 – In 2009: $1025

 – Average household debt in 2000: $86,346

 – In 2009: $120,000

 – Number of months it would take to return to December 2007 job levels, if we could add 250,000 jobs per month: 29  zacks.com/stock/news/36453/Employment+Report+In+Depth


 – Number of people who have been out of work for six months or more who lost unemployment benefits: 1.3 million people 


 – Without an extension, number of people who will lose unemployment benefits every week: 200,000

 – Number of people out of work for at least six months: 7 million  

~Tracy Kurowski has been active in
the labor movement for ten years, first as a member of AFSCME 3506, when
she taught adult education classes at the City Colleges of Chicago. She
moved to the Quad Cities in 2007 where she worked as political
coordinator with the Quad City Federation of Labor, and as a caseworker
for Congressman Bruce Braley from 2007 – 2009.


Tracy Kurowski writes a labor update every Monday on Blog for
Iowa


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