JUNE
2013 UNEMPLOYMENT DATA*
(U.S.
BUREAU OF LABOR STATISTICS)
OFFICIAL
UNEMPLOYMENT: 7.6%
A year earlier, the number of unemployed
persons was12.7
million, and the jobless rate was 8.2 percent. [BLS]
| White |
6.6% |
| African
American |
13.7% |
| Hispanic |
9.1% |
| Asian** |
5.0% |
| Persons with a disability** |
14.2% |
| Men
20 years and over |
7.0% |
| Women
20 years and over |
6.8% |
| Teens
(16-19 years) |
24.0% |
| Black
teens |
43.6% |
| Officially
unemployed |
11.8
million |
HIDDEN UNEMPLOYMENT
| Working
part-time because can't find a full-time job: |
8.2
million |
| People
who want jobs but are
not looking so are
not counted in official statistics (of which about 2.6 million**
searched for work during the prior 12 months and were available
for work during the reference week.) |
6.6
million |
|
Total:
26.6 million (16.4% 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
April 2013, the latest month available, the number of job openings
was 3.8 million,
"little changed from March. In April, the number of job openings was little changed in all industries and regions." Job
Openings and Labor Turnover Estimates, June 11, 2013.+
Thus there are now 7 job-wanters for each available job.
Private Payroll
Employment Has Grown For 39 Months cbpp 6/13
Long-Term Unemployment Remains High
Employment-population
ratio 1/1948 to 6/2013
GDP Fell Far Below What the Economy Was Capable of Producing
+"The
number of job openings in April (not seasonally adjusted) increased over the year for total nonfarm and government and was little changed for total private. Job openings increased over the year for several industries and state and local government. Job openings decreased over the year for information; arts, entertainment, and recreation; and federal government. Job openings were up over the year for the West and little changed in the other regions."
|
