Sunday, November 2, 2014

Unemployment Rates - Whites, Blacks, Teens, and Part Timers

It's important, especially before an election, to look at how this economy has affected our citizens.  From the latest survey, we've highlighted Whites and Blacks, and included Teens for each group.

We also think it's important to look at the U-6 rate, which includes everyone out of work who is looking PLUS those who want full time jobs, but can only get part time work.

The U-6 number is 11.8%.

That U-6 rate is an ugly, shameful number 5 years into a 'recovery,' as are the numbers for Blacks and both Teen groups.    PB
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From the Bureau of Labor Statistics most recent official numbers:

Unemployment Rate - September 2014

Whites    16 - 19 years old

5.1%        18.7%


Blacks    16 - 19 years old

11%         30.5%


U-6 Unemployment Rate

(U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force)

11.8%

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Link: http://www.bls.gov/news.release/empsit.toc.htm (see Tables A-2 and A-15)

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