The Jobless Rate for People Like You
The New York Times has an interactive graph that plots the jobless rate for different groups of Americans compared to the average for all those who are unemployed. Mouseover to find lines for different races, ages, and levels of education. In this screenshot, the label refers to the very faint red line above the dotted line which represents the average jobless rate. Link -via Metafilter
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2 Out of 5 Californians Are Jobless
Out of a job? If you live in the Great State of California, you’re in good company: two out of five working-age Californians do not have a job!
“The current recession stands apart from prior downturns for both the depth and breadth of destruction in the job market,” the report says. “California has lost more jobs at a faster rate in the past two years than during any prior recession for which data are available, and employment has fallen in nearly every major sector of the economy.”
Because of the decline in the number of jobs coupled with growth in the labor force, the report finds that the percentage of working-age Californians who hold jobs has fallen to its lowest level in 32 years. Citing U.S. Bureau of Labor statistics, the report says just 57.5 percent of California adults are working.
The last time the percentage was that low was in 1977, a time when many women voluntarily chose not to work outside their homes. The percentage of employed adults peaked in 1989 at 64.9 percent.
Timm Herdt of Ventura County Star has the grim news: Link | California Budget Project Press Release [PDF]
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Funemployment: Out of Work and Happy About It
Being out of a job usually ranks in the top 3 nightmares of life for most adults, but not for some young folks. Instead of looking for work, these people, usually singles in their 20s and 30s, prefer to stay with "funemployment" and enjoy life a bit.
Kimi Yoshino of the Los Angeles Times has more on the story:
What most people would call unemployment, Van Gorkom embraced as "funemployment."
While millions of Americans struggle to find work as they face foreclosures and bankruptcy, others have found a silver lining in the economic meltdown. These happily jobless tend to be single and in their 20s and 30s. Some were laid off. Some quit voluntarily, lured by generous buyouts.
Buoyed by severance, savings, unemployment checks or their parents, the funemployed do not spend their days poring over job listings. They travel on the cheap for weeks. They head back to school or volunteer at the neighborhood soup kitchen. And at least till the bank account dries up, they’re content living for today.
"I feel like I’ve been given a gift of time and clarity," said Aubrey Howell, 29, of Franklin, Tenn., who was laid off from her job as a tea shop manager in April. After sleeping in late and visiting family in Florida, she recently mused on Twitter: "Unemployment or funemployment?"
Link (Photo: Genaro Molina / LA Times)
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Big Pharma Loves You: Free Viagra for the Unemployed!
Don’t ever say that Big Pharma doesn’t care about you … Pfizer is offering free Viagra (and other drugs) to Americans who have lost their job:
Pfizer Inc. said Thursday it will give away more than 70 of its most widely prescribed drugs, including Lipitor and Viagra, for up to a year to people who have lost jobs since Jan. 1 and have been taking the drug for three months or more. The announcement comes as the unemployment rate topped 8.9 percent in April.
Pfizer stands to benefit, too _ by keeping its customers, and with a tax write-off that will cover much of the cost of the donations. The move also buys the world’s largest drugmaker some good will as Washington looks to overhaul the health care system.
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