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	<title>IT Career JumpStart &#187; unemployment statistics</title>
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	<link>http://itknowledgeexchange.techtarget.com/it-jobs</link>
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		<title>About IT (Un)Employment: It Could Always Be Worse</title>
		<link>http://itknowledgeexchange.techtarget.com/it-jobs/about-it-unemployment-it-could-always-be-worse/</link>
		<comments>http://itknowledgeexchange.techtarget.com/it-jobs/about-it-unemployment-it-could-always-be-worse/#comments</comments>
		<pubDate>Wed, 25 Feb 2009 16:07:32 +0000</pubDate>
		<dc:creator>Ed Tittel</dc:creator>
				<category><![CDATA[coping with job loss]]></category>
		<category><![CDATA[IT career planning]]></category>
		<category><![CDATA[IT employment]]></category>
		<category><![CDATA[unemployment statistics]]></category>
		<category><![CDATA[US Bureau of Labor Statistics]]></category>

		<guid isPermaLink="false">http://itknowledgeexchange.techtarget.com/it-jobs/?p=148</guid>
		<description><![CDATA[For a quick take on the US Government&#8217;s view of the current employment situation, the US Bureau of Labor Statistics Employment Situation Summary always provides a pretty current view. In reading over the most recent report&#8211;for January 2009, dated 2/6/2009&#8211;I got a strong sense of where much of the recent doom and gloom in our [...]]]></description>
				<content:encoded><![CDATA[<p>For a quick take on the US Government&#8217;s view of the current employment situation, the US Bureau of Labor Statistics Employment Situation Summary always provides a pretty current view. In reading over the most recent report&#8211;<a href="http://www.bls.gov/news.release/empsit.nr0.htm">for January 2009, dated 2/6/2009</a>&#8211;I got a strong sense of where much of the recent doom and gloom in our economic outlook comes from. Baldly over-simplified this report might be summarized as &#8220;Jobs are down all over.&#8221; Big surprise, right?</p>
<p>Top-line numbers certainly are scary:</p>
<ul>
<li>The number of unemployed persons is up to 11.6 million and the unemployment rate is up to 7.6%. This is an increase of 4.1 million unemployed over the last year, and an increase in the rate by 2.7%.</li>
<li>Long-term unemployed persons count is holding steady at 2.7 million (people who&#8217;ve been out of work for 27 weeks or longer), and has gone up by 1.3 million in the last year.</li>
<li>Unemployment numbers by category are also on the rise: adult men is up to 7.6%, adult women to 6.2%, whites 6.9%, blacks 12.6%, and Hispanics 9.7%; for teenagers that number is unchanged at a whopping 20.8%.</li>
</ul>
<p>All this said, there is a glimmer of hope in these number for IT professionals. Though many other employment sectors lost significantly more ground in January (retail trade 45,000 jobs; transportation and warehousing 44,000 jobs; financial activities 42,000 jobs) professional and technical jobs were down &#8220;only&#8221; by 29,000 for the month. We IT geeks may be sucking wind, but at least we&#8217;re sucking less wind than some other sectors! On the upside, health care employment is up 19,000 (11,000 less than the average for 2008), and private education is up 33,000.</p>
<p>For another dash of salt on the wounds, nonfarm numbers for November were revised downward from -584,000 to -597,000 for November, 2008, and from -524,000 to -577,000 for December, 2008. All I can say to my fellow IT professionals and colleagues is &#8220;Hang in there!&#8221;</p>
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