The Labor Department released its unemployment report for September on Friday. It showed that the economy produced a fairly healthy 336,000 new jobs for the month. That was enough to keep the unemployment rate at 3.8% (the same as in August).
Here are the relevant statistics for September:
SIZE OF THE CIVILIAN WORK FORCE:
167,929,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
6,360,000
OFFICIAL UNEMPLOYMENT RATE:
3.8%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............3.8%
Adult women...............3.1%
Teens (16-19)...............11.6%
Whites...............3.4%
Blacks...............5.7%
Asians...............2.8%
Hispanics...............4.6%
No HS diploma...............5.5%
HS graduate...............4.1%
Some college...............3.0%
Bachelor's deg. or more...............2.1%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):
1,457,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
7,817,000
MORE REALISTIC UNEMPLOYMENT RATE:
4.65%
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