The Unemployment Rate In June Drops Slightly To 4.1%

 

The Labor Department released the unemployment figures for June on Thursday (a day early because of the holiday). It showed the economy produced about 147,000 jobs in June. That is not a lot, but because of a slight drop in the civilian workforce (of 130,000), it was enough to cause a slight drop in the unemployment rate. That rate was 4.1% for June.

Here are the relevant statistics for June:

SIZE OF THE CIVILIAN WORK FORCE:

170,380,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

7,015,000

OFFICIAL UNEMPLOYMENT RATE:

4.1%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

Adult men...............3.9%

Adult women...............3.6%

Teens (16-19)...............14.4%

Whites...............3.6%

Blacks...............6.8%

Asians...............3.5%

Hispanics...............4.8%

No HS diploma...............5.8%

HS graduate...............4.0%

Some college...............3.2%

Bachelor's deg. or more...............2.5%

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

1,790,000

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

8,805,000

MORE REALISTIC UNEMPLOYMENT RATE:

5.17%