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"I feel like a loser, I'm 25 and still live with mommy and daddy," says Leah Salomoni of Shelton, Conn. She is one of the 3.8 million unemployed Americans who have been out of work for 27 weeks or more, and her sentiment is probably a common one.
"The trend is, over time, in the American case, to think 'something is wrong with me,'" says Ofer Sharone, an assistant professor at the Massachusetts Institute of Technology who recently authored the book Flawed System, Flawed Self: Job Searching and Unemployment Experiences. For his book, Sharone interviewed and compared job seekers in both America and Israel. Americans, he found, tended to heavily blame themselves.
The social game
Networking often plays a crucial role in finding a job in the United States. Since creating a good social chemistry between the interviewer and the applicant is a high priority, failing to do so can be seen as a personality flaw. "When you're networking and trying to have people like you, and in a job interview you get rejected, it's understood as being evaluated and rejected. Many job seekers might compare it to dating," says Sharone.
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That 12.3% rate refers to total unemployed, says the BLS, and this includes the unemployed plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.
The marginally attached are people who currently are neither working nor looking for work but have looked for a job sometime over the last 12 months. The people counted as part time are those who want and have looked for full-time employment but have had to settle for a part-time job.
12.3%: ?Total Unemployed? Rate in USA | CNS News
The last official recession occurred over 18 months, from December 2007 to June 2009, according to the National Bureau of Economic Research. When the recession started, the national unemployment rate was 5.0%. When the recession ended, in June 2009, the national unemployment rate was 9.5%.
According to the Bureau of Labor Statistics, the unemployment rate was in the 6s range in the fall of 2008, nine months into the recession. Specifically, the rate was for August 2008, 6.1%; September, 6.1%; October, 6.5%; and November, 6.8%.
The unemployment rate for September-October 2008 average of 6.3% -- was equal to what it is today in 2014: 6.3%. The recession from December 2007 to June 2009, which was 18 months, made it "the longest of any recession since World War II," said the National Bureau of Economic Research.
Unemployment of 6.3% is Back to Recession-Era Level | CNS News
True, the U6 rate is 12.3% now ... but that's lower than the 14.2% it was at when Obama became president and much lower than the 17.1% it peaked at.The true unemployment rate...
12.3%: Total Unemployed Rate in USA
May 2, 2014 While the national unemployment rate declined from 6.7% in March to 6.3% in April, the rate for total unemployed workers in America, what the Bureau of Labor Statistics (BLS) calls the U-6 Measure, was 12.3% in April.
That 12.3% rate refers to total unemployed, says the BLS, and this includes the unemployed plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force.
The marginally attached are people who currently are neither working nor looking for work but have looked for a job sometime over the last 12 months. The people counted as part time are those who want and have looked for full-time employment but have had to settle for a part-time job.
12.3%: ?Total Unemployed? Rate in USA | CNS News
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Unemployment of 6.3% is Back to Recession-Era Level
May 2, 2014 The national unemployment rate was 6.3% in April, which is the same unemployment rate America experienced halfway through the last recession, in the fall of 2008.
The last official recession occurred over 18 months, from December 2007 to June 2009, according to the National Bureau of Economic Research. When the recession started, the national unemployment rate was 5.0%. When the recession ended, in June 2009, the national unemployment rate was 9.5%.
According to the Bureau of Labor Statistics, the unemployment rate was in the 6s range in the fall of 2008, nine months into the recession. Specifically, the rate was for August 2008, 6.1%; September, 6.1%; October, 6.5%; and November, 6.8%.
The unemployment rate for September-October 2008 average of 6.3% -- was equal to what it is today in 2014: 6.3%. The recession from December 2007 to June 2009, which was 18 months, made it "the longest of any recession since World War II," said the National Bureau of Economic Research.
Unemployment of 6.3% is Back to Recession-Era Level | CNS News
