God Bless Bob Herbert

The Center for Labor Market Studies at Northeastern University in Boston divided American households into 10 groups based on annual household income. Then it analyzed labor conditions in each of the groups during the fourth quarter of 2009.

The highest group, with household incomes of $150,000 or more, had an unemployment rate during that quarter of 3.2 percent. The next highest, with incomes of $100,000 to 149,999, had an unemployment rate of 4 percent.

Contrast those figures with the unemployment rate of the lowest group, which had annual household incomes of $12,499 or less. The unemployment rate of that group during the fourth quarter of last year was a staggering 30.8 percent. That’s more than five points higher than the overall jobless rate at the height of the Depression.

The next lowest group, with incomes of $12,500 to $20,000, had an unemployment rate of 19.1 percent.

He\’s noticed that the unemployed tend to be poor.

You know, because they don\’t have jobs?

This is not to say that the middle class has not been hurt badly by the recession. It has been. In last year’s fourth quarter, the group with household incomes of $40,000 to $49,000 had a jobless rate of 9 percent, close to the disastrous national average. The $50,000 to $59,000 group had a 7.8 percent jobless rate, and households earning $60,000 to $75,000 had a jobless rate of 6.4 percent.

Yep, you tell \’em Bob.

Next week in the NYT….this dihydrogen monoxide sure can be tough to get a grip on.

3 thoughts on “God Bless Bob Herbert”

  1. Maureen Dowd, while bewilderingly incoherent most of the time, is not the NYT’s stupidest correspondent. She’s not the worst, either. Sometimes she turns a good phrase. The worst correspondent is that pus-filled carbuncle Frank Rich. The stupidest is Bob Herbert.

  2. Next week, they will be analysing household expenditure on food. Initial results suggest that less is spent in households where malnutrition is a problem.

  3. Brian, follower of Deornoth

    So these households need to raise their annual income; by doing so they will solve the unemployment problem.

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