The January Employment Report Shows Things Aren't as Rosy as Some Want to Believe

While the pundits and press gush over this month's employment report, things are still not rosy. The new official unemployed tally is 12,758,000. The average length of unemployment is still very high, 40.1 weeks.


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People unemployed for 27 weeks or more is now 42.2% of the total unemployed, or 5,518,000 million. This number has barely budged as a percentage of total unemployed in comparison to pre-recession and historical levels.

Unemployment 8.3% for January 2012 - 243,000 Jobs, Really?

The January 2012 monthly unemployment figures show the official unemployment rate dropped -0.2 percentage points to 8.3% and the total jobs gained were 243,000. Total private jobs came in at 257,000. Government jobs dropped -14,000. Information jobs dropped by -13,000 and financial services payrolls dropped by -5,000. All other major job categories had payroll gains.Temporary jobs increased 20,100.

2010 Census Data Dribbling In

The first release of 2010 Census data shows the United States population increased 9.7% in a decade to 308.745,538. The House of Representatives districts are based on Census data and the political maps are changed as a result of the new numbers.

The most populous state was California (37,253,956); the least populous, Wyoming (563,626). The state that gained the most numerically since the 2000 Census was Texas (up 4,293,741 to 25,145,561) and the state that gained the most as a percentage of its 2000 Census count was Nevada (up 35.1% to 2,700,551).

Regionally, the South and the West picked up the bulk of the population increase, 14,318,924 and 8,747,621, respectively. But the Northeast and the Midwest also grew: 1,722,862 and 2,534,225.

Additionally, Puerto Rico's resident population was 3,725,789, a 2.2 percent decrease over the number counted a decade earlier.

While Nevada grew 35.1% in population, Michigan declined 0.6%. This is the slowest population percentage growth since 1940.

The press is already calculating out the redistricting of the House of Representatives. Bloomberg has Texas gaining 4 House seats with Ohio and New York both losing 2 seats in the House of Representatives. California remains unchanged.

18 states lost or gained congressional districts. Texas, as expected, gained the most seats, moving from 32 to 36 seats. Florida was the only other state to gain multiple seats, adding two and bringing it to 27 seats.