Fact Sheet | Wages Incomes and Wealth

Jobs Crisis Fact Sheet

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(Note that all numbers are current as of March 5, 2010. States numbers are current as of January 22, 2009.)

The jobs crisis

  • Number unemployed: 14.9 million  (up from 7.5 million in December 2007)
  • Total jobs lost during the recession: 8.4 million 
  • Jobs lost in February, 2010: 36,000
  • Jobs needed to return to pre-recession unemployment rate: 11.1 million
  • Number of jobseekers per job opening: 6.1
  • Unemployment rate: 9.7%
  • States with double-digit unemployment in December, 2009: 17
  • White unemployment: 8.8%; black unemployment: 15.8%; Hispanic unemployment: 12.4%
  • Manufacturing jobs lost since the start of the recession: 2.2 million (15.8% of sector’s jobs)*
  • Construction jobs lost in the recession: 1.9 million (25.8%, about one in four construction jobs)*
  • Mass layoffs (50 or more people by a single employer) in January, 2010: 1,761; jobs lost: 182,261
  • Underemployment rate: 16.8%; Share of workers un- or underemployed: more than 1 in 6
  • Under- and unemployed, marginally attached and involuntary part-time workers: 26.2 million

Hardships and the safety net

American Recovery and Reinvestment Act

 

  • Average weekly unemployment benefit in January (including additional $25 per week from the American Recovery and Reinvestment Act): $335 
  • Number of additional people each week receiving unemployment compensation because of ARRA in January: 4.6 million
  • Average monthly cost of COBRA with American Recovery and Reinvestment Act subsidy: $370; Without American Recovery and Reinvestment Act subsidy: $1,057

*EPI analysis of BLS data.


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