Archive for July, 2009

Unemployment Trends in the U.S., 1967 to 2009

July 7, 2009

The Federal Reserve Bank of St. Louis has some new numbers out issued in early July, 2009. Here are some graphs of them. The sources for these numbers were the Department of Labor and the Bureau of Census.

Median Weeks Unemployed
This first graph shows the median weeks of unemployment from 1967 to 2009.

Source: Federal Reserve Bank of St. Louis, via Dept. of Labor

Source: Federal Reserve Bank of St. Louis, via Dept. of Labour

Main peaks during the period July, 1967 through June, 2009 were as follows:
NOTE:  These were peaks that exceeded 1.5 standard deviations above the average through the period.

Nov 1982 through Aug 1983 – Average, 10.68 weeks
Oct 1994 – Average, 10.0 weeks
Jun 2002 – Average, 11.0 weeks
Apr 2003 through Jun 2004 – Average, 10.31 weeks
Jun 2008 through Jun 2009 – Average, 11.42 weeks
Greatest peak, Jun 2009 – 17.90 weeks

Job Loss Claims
The next graph shows the weekly job loss claims for the same period.

Source: Federal Reserve, St Louis via Bureau of Labor Statistics

Source: Federal Researve, St Louis via Bureau of Labor Statistics

Job loss claims exceeded 1.5 standard deviations above the 42-year average during these periods:
Dec 1974 to Jun 1975 – Average, 524,458 (~six months)
Apr 1980 to Sep 1980 – Average, 565,228 (~five months)
Oct 1981 to Mar 1983 – Average, 562,912 (~17 months)
Mar 1991 to Apr 1991 – Average, 496,813 (~ two months)
Oct 2001 to Oct 2001 – Average, 489,250 (~one month)
Nov 2008 to Jun 2009 – Average, 593,934 (~ 7 months and counting)
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Maximum: 674,250 on Oct 09, 1982
Minimum: 179, 000 on May 17, 1969

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