U.S. Economy Keith Hall Commissioner Bureau of Labor Statistics August, 2009

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3 Payroll Employment average monthly change

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6 Civilian unemployment rate, seasonally adjusted, Percent NOTE: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in December SOURCE: Bureau of Labor Statistics, Current Population Survey, August 7, 2009.

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8 Real GDP

9 Consumer Confidence

10 Business Investment

11 New Home Construction

12 Consumer Prices

13 Producer Prices

14 Alternative measures of labor underutilization, seasonally adjusted, Percent U-6 U-4 U-5 U-2 U-1 U-3 Unemployment rate NOTE: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in December SOURCE: Bureau of Labor Statistics, Current Population Survey, August 7, 2009.

15 Unemployment rates for whites, blacks or African Americans, and persons of Hispanic or Latino ethnicity, seasonally adjusted, Percent Blacks or African Americans Hispanic or Latino ethnicity Whites NOTE: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in December SOURCE: Bureau of Labor Statistics, Current Population Survey, August 7, 2009.

16 Unemployment rates for persons 25 years and older by educational attainment, seasonally adjusted, Less than a high school diploma High school graduates, no college Some college or associate degreeBachelor's degree and higher Percent NOTE: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in December SOURCE: Bureau of Labor Statistics, Current Population Survey, August 7, 2009.

17 Numbers in thousands Long-term unemployment, seasonally adjusted, weeks and over 27 weeks and over NOTE: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in December Beginning in 1994, data reflect the introduction of a major redesign of the Current Population Survey. Additional adjustments to population controls were incorporated into the data in January of various years. These changes can affect comparability with data for prior periods. SOURCE: Bureau of Labor Statistics, Current Population Survey, August 7, 2009.

18 Comparison with previous recessions percent employment change Industry (months) (8)(11)(10)(8)(10)(11)(16)(6)(16)(8) (19) Total nonfarm Total private Service-providing Construction Manufacturing Wholesale trade Retail trade Information Financial activities Prof & Bus Services Educ, health services Leisure & hosp Other services Government

19 Change in the Unemployment Rate from the Beginning of Recent Recessions

20 Division of Current Employment Statistics, National Estimates Branch, Release Date: Aug 7, 2009 Created by: Christopher Goodman X16556 Supervisor: Laura Kelter X16549

22 Division of Current Employment Statistics, National Estimates Branch, Release Date: August 7, Created by: Steve Mance X15484, Ryan Davis X6542, and John Eddlemon X7894 Supervisor: Laura Kelter X16549

23 Division of Current Employment Statistics, National Estimates Branch, Release Date: June 5, Created by: Steve Mance X15484, Brett Caillier X6465, and Ryan Davis X6542 Supervisor: Laura Kelter X16549

24 July typically is a shut down month  Many plants shut in May and June and remained shut in July, resulting in a seasonally adjusted employment increase Division of Current Employment Statistics, National Estimates Branch, Release Date: August 7, Created by: Steve Mance X15484, Ryan Davis X6542, and John Eddlemon X7894 Supervisor: Laura Kelter X16549

25 Division of Current Employment Statistics, National Estimates Branch, Release Date: August 7, 2009 Created by: Christopher Goodenow X16544 Supervisor: Emily Liddel X16468

26 Division of Current Employment Statistics, National Estimates Branch, Release Date: August 7, 2009 Created by: Christopher Goodenow X16544 Supervisor: Emily Liddel X16468

27 Division of Current Employment Statistics, National Estimates Branch, Release Date: August 7, Created by: Brett Caillier X16465 Supervisor: Laura Kelter X16549

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