• The share of Americans who’ve been out of work a long time – now at 42% of the unemployed – is the highest since the Great Depression (source: Labor Department).
• The proportion of the civilian working-age population actually working, at 58%, is the smallest since the Carter era (Labor Department).
• Growth in nonfarm payroll jobs since the recovery began in June 2009 is the slowest of any comparable recovery since World War II (Hoover Institution).
• The rate of new business startups – the engine of job growth – has plunged to an all-time low of 7.87% of all businesses (Census Bureau).
• 3 in 10 young adults can’t find jobs and live with their parents, highest since the 1950s (Pew Research).
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• 54% of bachelor’s degree-holders under the age of 25 are jobless or underemployed, the highest share in decades (Northeastern University).
• Black teen unemployment, now at 37%, is near Depression-era highs (Labor Department).
• Almost 1 in 6 Americans are now poor – the highest ratio in 30 years – and the total number of poor, at 49.1 million, is the largest on record (Census).
• The share of Hispanics in poverty has topped that of blacks for the first time, 28.2% to 25.4% (Census).
• The number of Americans on food stamps – 45 million recipients, or 1 in 7 residents – also is the highest on record (Congressional Budget Office).
• Total government dependency – defined as the share of Americans receiving one or more federal benefit payments – is now at 47%, highest ever (Hoover).
• The share of Americans paying no income tax, at 49.5%, is the highest ever (Heritage Foundation, IRS).
• The national homeownership rate, now at 65.4%, is the lowest in 15 years (Census).
• The 30-point gap between black and white Americans who own their own homes is the widest in two decades and one of the widest on record (Census).
• Federal spending, now at 23.4% of GDP, is the highest since WWII (CBO).
• Excluding defense and interest payments, spending is the highest in American history, at 17.6% of the economy (First Trust Economics).
• The federal debt, at 69% of GDP, is the highest since just after WWII (CBO).
• The U.S. budget deficit, now at 9.5% of the economy, is the highest since WWII (CBO).
• U.S. Treasury debt has been downgraded for the first time in history, meaning the U.S. government no longer ranks among risk-free borrowers (S&P).