The U.S. Unemployment Rate Climbs By 0.1% In June

The Labor Department has released its statistics for June. The number of jobs created in June bounced back from the dismal number of May. A respectable 224,000 jobs were created. In spite of the improved jobs number, the unemployment rate rose by 0.1% -- to 3.7%. That's because the work force grew by an even larger number -- 335,000.

Here are the relevant statistics for June:

SIZE OF THE CIVILIAN WORK FORCE:

162,981,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

5,975,000

OFFICIAL UNEMPLOYMENT RATE:

3.7%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............3.3%
Adult women...............3.3%
Teens (16-19)...............12.7%
Whites...............3.3%
Blacks...............6.0%
Hispanics...............4.3%
Asians...............2.1%
Less than HS diploma...............5.3%
HS graduate...............3.9%
Some college...............3.0%
Bachelor's deg. or more...............2.1%

NUMBER OF MARGINALLY-ATTACHED UNEMPLOYED WORKERS (no longer counted):

1,571,000

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

7,546,000

MORE REALISTIC UNEMPLOYMENT RATE:

4.6%