Unemployment Rate Drops Back Down To 3.5% In July

The Labor Department released statistics for July on Friday. It showed that about 187,000 jobs were created, lowering the unemployment rate back down to 3.5%. 

Here are the relevant stats for July:

SIZE OF THE CIVILIAN WORK FORCE:

167,103,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

5,841,000

OFFICIAL UNEMPLOYMENT RATE:

3.5%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............3.3%

Adult women...............3.1%

Teens (16-19)...............11.3%

White...............3.1%

Black...............5.8%

Asian...............2.3%

Hispanic...............4.4%

No HS diploma...............5.2%

HS graduate...............3.4%

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

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

NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):

1,398,000

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

7,239,000

MORE REALISTIC UNEMPLOYMENT RATE:

4.3%