February Unemployment Rate Climbs Slightly To 4.1%

 

The Labor Department released the unemployment report for February on Friday. It showed the economy produced about 151,000 jobs for the month, and the unemployment rate rose by 0.1% to 4.1%.

Here are the relevant statistics for February:

SIZE OF THE CIVILIAN WORKFORCE:

170,359,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

7,052,000

OFFICIAL UNEMPLOYMENT RATE:

4.1%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............3.8%

Adult women...............3.8%

Teens (16-19)...............12.9%

Whites...............3.8%

Blacks...............6.0%

Asians...............3.2%

Hispanics...............5.2%

No HS diploma...............6.0%

HS graduate...............4.2%

Some college...............3.5%

Bachelor's deg. or more...............2.5%

NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):

1,704,000

MORE REALISTIC NUMBER OF UNEMPLOYED (official + marginally-attached):

8,756,000

MORE REALISTIC UNEMPLOYMENT RATE:

5.14%