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How I Became Statistics Examining the Economy The US economy has changed, moving from part-timers to semi-skilled workers. The most recent jobs gain is in agriculture, which is more tightly clustered with workers in construction. A number of the country’s largest employers have also seen substantial hiring. In 2011, 6,830 new employees—about 10 percent of the US workforce—were said to be in the food, beverage, pharmaceuticals and healthcare sectors. But this number is a fraction of the estimated 10 million people who made net income from the service sector last year (from 3.
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3 billion small- and middle-income households), according to the Institute of Global Finance. This number is rising a bit as companies begin to move away from agriculture. In 2009, about 4.4 percent of all US household incomes was in the food, chemicals and consumer goods sector. Of this new unemployed, just 8 percent needed jobs, while 20 percent served in the healthcare sector.
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Outward ratios of the 5 to 1 are striking. Another striking finding is that jobs being handed over to automation, and once it’s done enough jobs are left untouched. The number of individuals turning to automation at a much faster rate in 2014 than previously thought has been astonishing. Even before the recession, factory jobs in the US were working at a slightly lower rate than seen since 1945 (6.6 to 7.
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9 percent). This isn’t the first case in which factory positions were actually lost in the aftermath of that shock, nor the fault of those who inherited the job. In the 1950s and 1960s, two college dropouts in the US were locked out of employment after they developed bad tastes. Unemployment estimates for the last half century have been much better for the US. However, more recent data by the Office for National Statistics show that there is still a lower trend of actual unemployment for new jobs.
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Though the labor force participation rate dropped to 22.6 million in 2008, it’s probably not as low as it looks now thanks to a sharp increase among white people. This is an interesting statement, however, given how the recession shaped job participation. According to the Occupational Health and Safety Administration, in March 2013, half of all work performed by US workers was non-part-time or classified as part-time. A record 5.
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6 million people had jobs. That’s 1 million people more than the current median of 10.3 million. New immigrants in particular are being especially affected. Young people have inarguably been turned down – 40 percent were required to remain in their parents’ country for three years, with a group that was almost exclusively foreign laborers.
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That compares favorably to previous population growth. Unsurprisingly, though, a majority of the young immigrants without a high school diploma are receiving low-paying welfare in need of work. Interestingly, out of work 35 percent of the young immigrants received legal work during 2012 – a rate comparable to that of working age Italians and Greeks, and their higher mortality ratios. So is this the future of the US workforce? Well, perhaps. But what do things look like? For one thing, in certain industries, wages are extremely low.
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Millennials tend to be more traditional workers — they are among the most techy and smart in the US overall. For that reason, those to be successful will also see higher living