unemployment

Facts

Unemployed (people out of work and looking for a job)

  • Unemployment Rate BLS

  • Totol number of unemployed BLS

    • 2005: 7.6 million

    • 2004: 8.1 million

    • 2003: 8.8 million

  • Who is unemployed – unemployment by group BLS and BLS

    • Adult Men: 4.4%

    • Adult Women: 4.6%

    • Teenagers: 17.9%

    • Whites: 4.4%

    • African Americans: 10.1%

    • Hispanics: 6%

    • Asians: 3.9%

    other indicators

Since the official unemployment rate only includes people out of a job (full time or part time) who are actively looking work, some economists say it doesn’t give the full picture by leaving out those that have given up on looking for work and those that have settled for part-time work. The Department of Labor tracks two other sets of stats that includes “marginally attached workers,” that is, people out of a job who aren’t actively looking but say they “are available for a job and have looked for work sometime in the recent past” – as well as part-time workers.

 

source: DOL

 

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Posted In

Social Security Holds Us Back...

I have been wanting to work since I was 16. I'm 18 now and still cannot work because of my SS Benifits. It's like I can only have one or the other and it stinks with the economy going down and all... Dude, what am I going to do?

Kat Joe (not verified) | October 7, 2008 - 8:49am