MAY
2013 UNEMPLOYMENT DATA*
(U.S.
BUREAU OF LABOR STATISTICS)
OFFICIAL
UNEMPLOYMENT: 7.6%
A year earlier, the number of unemployed
persons was 12.7
million, and the jobless rate was 8.2 percent. [BLS]
| White |
6.7% |
| African
American |
13.5% |
| Hispanic |
9.1% |
| Asian** |
4.3% |
| Persons with a disability** |
13.6% |
| Men
20 years and over |
7.2% |
| Women
20 years and over |
6.5% |
| Teens
(16-19 years) |
24.5% |
| Black
teens |
42.6% |
| Officially
unemployed |
11.8
million |
HIDDEN UNEMPLOYMENT
| Working
part-time because can't find a full-time job: |
7.9
million |
| People
who want jobs but are
not looking so are
not counted in official statistics (of which about 2.2 million**
searched for work during the prior 12 months and were available
for work during the reference week.) |
6.7
million |
|
Total:
26.4 million (16.3% 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.
In addition,
millions more were working full-time, year-round, yet earned less
than the official poverty level for a family of four. In 2011,
the latest year available, that number was 17.9 million, 17.6
percent of full-time, full-year workers (estimated from Current
Population Survey, Bur. of the Census, 9/2012).
In
March 2013, the latest month available, the number of job openings
was 3.8 million,
"little changed from February. In March, the number of job openings was little changed in all industries and regions." Job
Openings and Labor Turnover Estimates, May 7, 2013.+
Thus there are now nearly 7 job-wanters for each available job.
Private Payroll
Employment Has Grown For 38 Monthscbpp 6/13
http://www.offthechartsblog.org/
Employment-population
ratio 1/1948 to 5/2013
http://www.cbpp.org/cms/index.cfm?fa=view&id=3252
+"The
number of job openings in March (not seasonally adjusted) was little changed over the year for total nonfarm, total private, and government. Job openings decreased over the year for nondurable goods manufacturing and federal government; openings ncreased over the year for accommodation and food services. Job openings were little changed over the year for all regions."
|
