Saturday, December 09, 2017

Unemployment Rate Remains Steady At 4.1% For November



The Labor Department has released it's statistics for the month of November. They report the economy created 228,000 new jobs, and the unemployment rate remained the same as in October -- 4.1%. Meanwhile, the number of unemployed American workers rose by about 90,000 in November.

Here are the relevant statistics for November:

SIZE OF THE CIVILIAN WORKFORCE:

160,529,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

6,610,000

OFFICIAL UNEMPLOYMENT RATE:

4.1%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............3.7%
Adult women...............3.7%
Teens (16-19)...............15.9%
Whites...............3.6%
Blacks...............7.3%
Hispanics...............4.7%
Asians...............3.0%
Less than HS diploma...............5.2%
HS graduate...............4.3%
Some college...............3.6%
Bachelor's degree or more...............2.1%

NUMBER OF "MARGINALLY-ATTACHED" UNEMPLOYED WORKERS (no longer included in the official count):

1,481,000

MORE REALISTIC UNEMPLOYMENT NUMBER (official + marginally-attached):

8,091,000

MORE REALISTIC UNEMPLOYMENT RATE:

5.04%

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