Business

Published — June 5, 2009 Updated — May 19, 2014 at 12:19 pm ET

Looking beyond the May unemployment numbers

Introduction

As the Center’s ongoing look behind the numbers, we’re digging into the May unemployment stats. The official unemployment rate is 9.4 percent, up from 8.9 in April. That translates into 14.5 million unemployed people. But as we’ve discussed in the past, that doesn’t mean only 14.5 people are looking for work.

In May, 2.2 million people were classified as marginally employed, meaning they have looked for work within the last year, but not within the two-week window that would move them into the ranks of the officially unemployed. That 2.2 million includes almost 800,000 discouraged workers, people who have simply given up looking for work because they don’t think any jobs are available. And there were more than 9 million people working part-time for economic reasons — people who want to have more hours, or want to work full time, but can’t.

Adding up those numbers, that’s a total of 25.8 million people who want to be working, or working more, up from 24.7 million people in April.

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install itunes on windows 7Bob FrankstonLinda GordonET69Jello Beyonce Recent comment authors
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sam fetters
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sam fetters

What do AT&T, Verizon and Crown Castle International Corp have in common? The largest institutional shareholders of each includes firms like: Vanguard, BlackRock, State Street (the “Big Three”), Invesco, Fidelity (FMR), JP Morgan, Wellington Management, Geode, T Rowe Price, Bank of America, and other of the largest money-management and investment firms, whom operate collaboratively (even comprising the largest shareholders of each other), forming virtual monopolies amongst the largest “competing” corporations, in most every single industry, via large share holdings. (source = http://investors.morningstar.com/ownership/shareholders-major.html?t=CCI) These are the same firms whom also largely own the third largest telecom, T-Mobile. The own the largest… Read more »

Jello Beyonce
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Jello Beyonce

I’ve a theory that the supposed “Trade Wars” and “sanctions” and political/military strife going on between the U.S., China, Russia, etc. are merely distractions, serving to divert attention away from the growing authoritarianism and Oligarchic control spreading across the globe. “Nationalism” is being used as a propagandist covert means of continued increasing Globalism. As this article states: “A Russian woman stood up to speak at one of these public meetings, and she said that when she lived in Russia, the government slam dunked her and she had no say,” King said. “Now she lives in the United States of America,… Read more »

ET69
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ET69

Marx was right about capitalism . Capital gets more and more concentrated in fewer and fewer hands. There is no way out of this greed. We need socialism!

Linda Gordon
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Linda Gordon

5g is a kill grid. The depployment of this weapon is an act of terroism genocide and ecocide. The marketers need to be jailed as terrorists.

Bob Frankston
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The real issue with 5G is that it’s an attempt to roll back the Internet and return to the telecom of the 1970s when the phone company controlled all.

install itunes on windows 7
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I have read the post and it is really helpful as I have got to know about the 5G wireless cities which are accepting the technology and other cities which are rejecting it.