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01 01 08 Ada Misery Index

Under 7 years of Bush economics, unemployment rates increased significantly across multiple groups. The total unemployment rate rose from 4.2% to 5%, and long-term unemployment doubling. Manufacturing jobs declined sharply by over 3 million. The number of Americans without health insurance or in poverty also increased substantially. Mortgage debt and consumer debt both increased sharply while median incomes rose modestly and union membership declined.

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Mark Welkie
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26 views1 page

01 01 08 Ada Misery Index

Under 7 years of Bush economics, unemployment rates increased significantly across multiple groups. The total unemployment rate rose from 4.2% to 5%, and long-term unemployment doubling. Manufacturing jobs declined sharply by over 3 million. The number of Americans without health insurance or in poverty also increased substantially. Mortgage debt and consumer debt both increased sharply while median incomes rose modestly and union membership declined.

Uploaded by

Mark Welkie
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Americans for Democratic Action January 2008

MISERY INDEX
7 Years of Misguided Bush Economics
Jan 01 Dec 07 Number Percent
Change Change
Total Unemployment
Number 5,997,000 7,655,000 +1,658,000 +27.6%
Rate 4.2% 5.0% +19.0%
Black Unemployment
Number 1,357,000 1,577,000 +200,000 +16.2%
Rate 8.2% 9.0% +9.8%
Hispanic Unemployment
Number 987,000 1,371,000 +384,000 +38.9%
Rate 5.8% 6.3% +8.6%
Unemployed Women who
Maintain Families
Number 576,000 669,000 +93,000 +16.1%
Rate 6.7% 6.9% +3.0 %
Youth Unemployment (Ages 16-19)
Number 1,139,000 1,169,000 +57,000 +5.0%
Rate 13.8% 17.1% +23.9%
Avg. Length of Unemployment
Weeks 12.6 16.6 +4.0 +31.7%
Long Term Unemployment
Number- 27 Weeks and Over 676,000 1,338,000 +662,000 +97.9%
% of Total Unemployed 11.3% 17.5% +54.9%
Lost Manufacturing Jobs
Number 17,014,000 13,919,000 -3,095,000 -18.2%
Permanent Job Losers 1,223,000 2,066,000 +843,000 +68.9%
Persons in Poverty 32,900,000 37,000,0001 +4,100,000 +12.4%
Food Stamp Recipients 17,318,0002 26,466,0003 +9,148,000 +52.8%
Health Insurance
Number NOT covered 41,200,000 47,000,000 +5,800,000 +14.1%
Health Insurance Premiums
% Increase 11%4 87%5
Residential Mortgage Debt
Outstanding (Billions) $6,019 $11,2006 +$5,181 +86%
Mortgage Foreclosure Filings 840,0007 573,3978 -266,603 -68.2%
Consumers Debt (Billions) $1,738 $2,5159 +$777 +44.6%
Median Household Annual Income $47,59910 $48,20111 +$602 +1.3%
Union Membership
Number (Millions) 17.812 15.413 -2.4 -13.5%
Percent of Labor Force 13.5%14 12%15 -11.2%
1
Year 2006.
2
Year 2001 participants.
3
Year 2007 participants.
4
Increase 2001 over 2000.
5
Increase 2006 over 2000.
6
As of March 2007.
7
Year 2001.
8
Year 2007.
9
As of November 2007.
10
Year 2000.
11
Year 2006.
12
Year 2001.
13
Year 2006.
14
Year 2001.
15
Year 2006.

Data compiled from the U.S. Bureau of Labor Statistics, the Center for American Progress, the U.S. Census Bureau, the U.S.
Department of Agriculture, the Department of Health and Human Services, the U.S. Federal Reserve, Freddie Mac, the
Kaiser Commission on Medicaid and the Uninsured, Mortgage Bankers Association of America.

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