6 Ways Of Looking At The Jobs Numbers
The January jobs report is messy and confusing. Taking the longer view presents a clearer picture of the job market.
Here are six graphs we put together to show how the job market has changed over the past few years.
The first looks at how long people have been unemployed. This is important, because the longer people are out of work, the harder it is for them to find a new job. Long term unemployment spiked as the jobs crisis took off. It's come down a bit since last year, but it's still very high by historical standards.
The next three graphs show how much variation there is in the unemployment rate between different demographic groups. The gap widened as the jobs crisis got worse; now it's starting to narrow a bit in some categories.
The next graph shows the total number of jobs lost or gained in selected sectors over the past three years (from the beginning of the recession until now, when the economy lost 7 million jobs) and over the past year (when the economy added about a million jobs).
The graph above is useful for seeing how jobs were gained and lost across the economy.
But to consider what's been happening within individual sectors, it makes more sense to look at jobs lost or gained as a percentage of total jobs in each sector. That's what we do in the final graph, below. Copyright 2011 National Public Radio. To see more, visit http://www.npr.org/.