The Unemployment Rate Remains At 4.1% For The Month Of August

The Labor Dapertment's unemployment report for August was released a few days ago. It showed the economy had produced about 162,000 new jobs - a big improvement over last month. There was also 115,000 newly unemployed person, so the unemployment remained at 4.1% (for the second month in a row). 

Here are the relevant statistics for August:

SIZE OF THE CIVILIAN WORK FORCE:

169,777,000

OFFICIAL NUMBER OF UNEMPLOYED WORKERS:

7,031,000

OFFICIAL UNEMPLOYMENT RATE:

4.1%

DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:

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

Adult women...............3.5%

Teens (16-19)...............14.!%

Whites...............3.7%

Blacks...............6.0%

Asians...............3.2%

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

No HS diploma...............4.7%

HS graduate...............4.4%

Some college...............3.7%

Bachelor's deg. or more...............2.7%

MARGINALLY-ATTACHED WORKERS (unemployed but not counted):

1,704,000

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

8,735,000

MORE REALISTIC UNEMPLOYMENT RATE:

5.15%