OCTOBER 2015 Unemployment Data--the
Full Count*
(U.S.
BUREAU OF LABOR STATISTICS)
OFFICIAL
UNEMPLOYMENT: 5.0%*[Analyses]
| White |
4.4% |
| African
American |
9.2% |
| Hispanic |
6.3% |
| Asian** |
3.5% |
| Persons with a disability** |
10.5% |
| Men
20 years and over |
4.7% |
| Women
20 years and over |
4.5% |
| Teens
(16-19 years) |
15.9% |
| Black
teens |
25.6% |
| Officially
unemployed |
7.9 million |
*If the LFPR were at its pre-recession level, the unemployment
rate in October
2015 would have been 7.1% instead of
5.1%. [See "The Labor Force Participation
Rate and Its Trajectory"]
HIDDEN UNEMPLOYMENT
| Working
part-time because can't find a full-time job: |
5.8
million |
| People
who want jobs but are
not looking so are
not counted in official statistics (of which about 1.9 million**
searched for work during the prior 12 months and were available
for work during the reference week.) |
6.1
million |
|
Total:
19.8 million (12.1%
of the labor force)
|
Source: http://www.bls.gov/news.release/pdf/empsit.pdf
See also Current
Employment Statistics--Highlights
**Not
seasonally adjusted.
*See Uncommon Sense #4 for an explanation
of the unemployment measures, and Is
the Decline in the Labor Force Participation Rate During This Recession
Permanent?.
In addition, millions
more were working full-time, year-round, yet earned less than
the official poverty level for a family of four. In 2013, the
latest year available, that number was 18.5 million, 17.5 percent
of full-time, full-year workers (estimated from
Current Population Survey, Bur. of the Census, 9/2014).
Job
Openings and Labor Turnover Summary
Unemployment
Rate Vastly Understates Labor Market Weakness
EPI
Chartbook:
The Legacy of the Great Recession
(CBPP)
See
BLS slides
|
