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Broader Trends

RNC Communications - June 6, 2011

The White House Wants You To Look At The Broader Employment Trends Rather Than Just Last Month’s Dismal Jobs Report

CEA Chair Austan Goolsbee: “What You Want To Look At Are What Are The Recent Trends. Because One Month Is Not A Trend.” (CNN’s “State Of The Union,” 6/5/11)

TREND: Long-Term Unemployment Now Worse Than During The Great Depression.

CBS News: “Chronic Unemployment Worse Than Great Depression” (Ben Tracy, “Chronic Unemployment Worse Than Great Depression,” CBS News, 6/5/11)

  • 45.1 Percent Of All Unemployed Have Been Out Of Work For Over Six Months. “About 6.2 million Americans, 45.1 percent of all unemployed workers in this country, have been jobless for more than six months - a higher percentage than during the Great Depression.” (Ben Tracy, “Chronic Unemployment Worse Than Great Depression,” CBS News, 6/5/11)

The Average Duration Of Unemployment Increased To A Record 39.7 Weeks. (Bureau Of Labor Statistics, BLS.gov, Accessed 6/3/11)

TREND: May’s Disappointing Job Numbers Are Part Of A “General Weakening In Job Growth.”

BLS Commissioner Keith Hall Said That May’s Disappointing Employment Numbers Reflect “General Weakening In Job Growth.” “Bad US payrolls data for May appear to reflect a ‘general weakening in job growth’ rather than any temporary distortion, the head of the agency that compiles the statistics said in an interview with the Financial Times.” (Robin Harding, “US Data Chief Warns On Employment,” Financial Times, 6/5/11)

  • And Contrary To The Obama Administration’s Claims, Hall Said “Whatever Has Happened This Month Is Probably Not A Weather Effect.” “Some analysts suggest that the slowdown might reflect supply chain disruptions after Japan’s tsunami or extreme weather events such as the tornadoes that hit the US in May, rather than any deeper slowdown. But Mr Hall said this is hard to see in the data. ‘There was really no jump at all in people reporting work disruption. So whatever has happened this month is probably not a weather effect,’ he said.” (Robin Harding, “US Data Chief Warns On Employment,” Financial Times, 6/5/11)

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