“The Great Recession”

It would take 10.6 Million jobs created to reach the employment figures from before the recession

150 thousand new employees enter the working age population each month

Manufacturing, housing, and construction have taken the largest losses

Banking and finance is expected to shrink by 30 percent over the next two years

8 million jobs lost

We have the same number of manufacturing jobs as we did in 1940 due to the recession.

Unemployment: Before/After Recession

People working part-time or in other fields bring the actual under employed rate to 18 percent

Discouraged workers that stop seeking employment and have exhausted all their unemployment insurance

Under employed and not seeking employment

Who has been hit hardest by the recession?

High School dropouts have highest rate of 21%

High School graduates without college 14%

College graduates (Associates degree) 10%

College graduates (Bachelors degree) 5%

Unemployed over 25 years of age

What should this last statistic tell

you?

Go to college and finish your degree!

Or you could end up getting laid off.

Divorce rates go upGovernment assistance is up to 12%

of populationNegatively effects taxpayers and

gov’t debtSuicides riseConsumers stop spendingBusinesses stop hiring Economic confidence drops

Effects of unemployment

Did you know?

12 percent of our population is on food stamps! That’s 34 million people!

Childhood poverty rates were bad before the recession.

West Virginia carries one of the highest rates in the U.S.

The Southern states also lead in this category

Now the rates are unprecedented for our

country.

16 percent of households with children experience food insecurity

50 percent of families who rent spend 30 percent of their income on housing

Compared with white children, Black and Latino children are twice as likely to experience economic hardship

17 percent of poor children lack health insurance

What are some of the economic hardships faced by our

children?

What can we do to change things?

Create more jobs. But our government is stumped…

And the private sector is unsure when spending will pick up

Who is hiring?

HEALTHCARE

FEDERAL GOVERNMENT

EDUCATION

Americans will persevere through hard work and determination

Economic confidence will need to be restored

Congress will have to agree for once, on both sides of the aisle

Re-training of unemployed workers for fields in high demand

Return of manufacturing jobs

Road to Recovery

We must shift focus to improving our education system

Improved education system will lead to more highly skilled workers when its time to enter the workforce

New focus on Vocational skills for students not seeking college.

Blue collars jobs such as welding, electricians, masons, plumbers and carpenters will be in high demand going forward

Increase in Education