The July Unemployment Rate Remained In Double-Digits

The Labor Department released their unemployment statistics for the month of July. It showed that 1bout 1.8 million workers returned to work, but about 16,338,000 remain jobless. The official rate dropped by less than a percentage point, and remained in double-digits at 10.2%.

Here are the relevant statistics for July:

SIZE OF THE CIVILIAN WORKFORCE:

159,870,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

16,338,000

OFFICIAL UNEMPLOYMENT RATE:

10.2%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............9.4%
Adult women...............10.5%
Teenagers (16-19)...............19.3%
White...............9.2%
Black...............14.6%
Hispanic...............12.9%
Asian...............12.0%
Less than HS diploma...............15.4%
HS graduate...............10.8%
Some college...............10.0%
Bachelor's deg. or more...............6.7%

NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed, but no longer counted):

1,979,000

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

18,317,000

MORE REALISTIC UNEMPLOYMENT RATE:

11.46%