Saturday, May 07, 2022

Unemployment Rate Remains Steady At 3.6% In April


The Labor Department released its unemployment statistics for April on Friday. It showed that 428,000 jobs were created in April - the same as last month. That was strong enough to keep the unemployment rate at 3.6% - the same as last month. 

Here are the relevant statistics for April:

SIZE OF THE CIVILIAN WORK FORCE:

164,046,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

5,941,000

OFFICIAL UNEMPLOYMENT RATE:

3.6%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............3.5%

Adult women...............3.2%

Teens (16-19)...............10.0%

Whites...............3.2%

Blacks...............5.9%

Asians...............3.1%

Hispanics...............4.1%

Less than HS grad...............5.4%

HS graduate...............3.8%

Some college...............3.1%

Bachelor's deg. or more...............2.0%

MARGINALLY-ATTACHED WORKERS (unemployed but not counted):

1,622,000

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

7,563,000

MORE REALISTIC UNEMPLOYMENT RATE:

4.6%

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