The U.S. Unemployment Rate For July Rises To 4.3%

The Labor Department released the unemployment report for July on Friday. It showed the U.S. economy produced 114,000 new jobs. The official July unemployment rate was 4.3%. Here are the relevant statistics for July:

SIZE OF THE CIVILIAN WORK FORCE:

168,429,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

7,163,000

OFFICIAL UNEMPLOYMENT RATE:

4.3%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............4.0%

Adult women...............3.8%

Teens (16-19)...............12.4%

Whites...............3.8%

Blacks...............6.3%

Asians...............3.7%

Hispanics...............5.3%

No HS diploma...............6.7%

HS graduate...............4.6%

Some college...............3.5%

Bachelor's deg. or more...............2.3%

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

1,571,000

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

8,734,000

MORE REALISTIC UNEMPLOYMENT RATE:

5.19%