Unemployment Rate For March Drops 0.2 Points To 6.0%

 

The Labor Department released its statistics for March on Friday. It showed that the unemployment rate dropped to 6.0% as over 900,000 people went back to work. That's good, but far too many Americans remain out of work -- and they won't be able to return to work until the coronavirus is finally under control.

Here are the relevant statistics for the month of March.

SIZE OF THE CIVILIAN WORKFORCE:

160,558,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

9,710,000

OFFICIAL UNEMPLOYMENT RATE:

6.0%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT RATES:

Adult men...............5.8%

Adult women...............5.7%

Teens (16-19)...............13.0%

Whites...............5.4%

Blacks...............9.6%

Asians...............6.0%

Hispanics...............7.9%

Less than HS diploma...............8.2%

HS graduate...............6.7%

Some college...............5.9%

Bachelor's deg. or more...............3.7%

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

1,853,000

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

11,563,000

MORE REALISTIC UNEMPLOYMENT RATE:

7.2%