The Labor Department released its unemployment report for November on Friday. It showed the economy created a healthy 227,000 jobs for the month. That was good enough to keep the unemployment rate at a low 4.2% (only 0.1% over October).
Are are the relevant statistics for November:
SIZE OF THE CIVILIAN WORK FORCE:
168,286,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
7,145,000
OFFICIAL UNEMPLOYMENT RATE:
4.2%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............3.9%
Adult women...............3.9%
Teens (16-19)...............13.2%
Whites...............3.8%
Blacks...............6.4%
Asians...............3.8%
Hispanics...............5.3%
Less than HS diploma...............6.0%
HS graduate...............4.6%
Some college...............3.6%
Bachelor's deg. or more...............2.4%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but no longer counted):
1,572,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
8,717,000
MORE REALISTIC UNEMPLOYMENT RATE:
5.18%
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