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More numbers…

Today’s Fitzsimon File, with Chris’ inimitable take on some of the latest numbers from the world of politics and policy, is a must read. For those who can’t get enough of this kind of stuff, check out this little Labor Day fact sheet from the good folks at the Economic Policy Institute. Here are some of the highlights:

TOTAL JOBS LOST DURING THE RECESSION: 6.9 MILLION

  • -New jobs needed per month to keep up with population growth: 127,000
  • -Jobs lost in August 2009: 216,000
  • -Jobs needed to regain pre-recession employment levels: 9.4 million
  • -Manufacturing jobs lost since the start of the recession: 2.0 million (14.6% of sector’s jobs)
  • -Construction jobs lost in the recession: 1.4 million (19%, nearly one in five construction jobs)
  • -Mass layoffs (50 or more people by a single employer) in July 2009: 2,157; jobs lost: 206,791

UNEMPLOYMENT RATE: 9.7%

  • -Number unemployed: 14.9 million (up from 7.5 million in December 2007)
  • -Underemployment rate: 16.8%; Share of workers un- or underemployed: roughly 1 in 6
  • -Under- and unemployed, marginally attached and involuntary part-time workers: 26.4 million
  • -Unemployment rate, ages 16 to 24: 18.2%
  • -Male unemployment: 10.9%; female unemployment: 8.2%
  • -White unemployment: 8.9%; black unemployment: 15.1%; Hispanic unemployment: 13%
  • -Unemployment rate, young college graduates: 5.9% (2nd worst on record); Worst recorded unemployment rate for young college graduates: 6.2% (1983)
  • -Traditional share of young college grads’ unemployment to overall rate: 50%; Current ratio: 70%
  • -Portion of unemployed who have been jobless more than six months: (one third)
  • -Average weekly unemployment benefit in July (including additional $25 per week from the American Recovery and Reinvestment Act): $332

Read the whole thing here.

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