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First, there's a difference between being "without a job" and being "unemployed". The elderly, the young, and others not looking for work are without jobs. To be "unemployed" you have to be in the labor force and to be in the labor force you have to be working or looking for work. One catch is: as unemployment rises, people give up looking for work thus they aren't in the labor force, so they aren't unemployed. So unemployment drops without any bone losing a job. And when the economy improves and people can get jobs people who weren't in the loabor force start to look for jobs thus putting themselves in the labor force and unemployed both. Thusa unemployment rises even though unemployment might be rising too. FYI there is "frictional" unemployment like when a nurse quits a job and takes a few days to get another and "structural unemployment" where the people don't have the skills to match the jobs that need filling or the potential employees are too far away to take the job so they stay unemployed.

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15y ago
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13y ago

over a million

-Anna

Eight million, according to President Obama. Four million in the last six months of 2008, and another 4 million during the first six months of 2009. Unregulated banking nearly destroyed this country.

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14y ago

In the last year the number of peolple that lost their job was 2.59 milloin.

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14y ago

the current umployment rate is over 10% so over the last year, around 5% of the population has become unemployed.

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12y ago

a gagillion

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Q: How many people lost their jobs during 2008-2010 in America?
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