Friday, March 8, 2013

The number of Americans designated as "not in the labor force" in February 2013 was 89,304,000, a record high, up from 89,008,000 in January 2013, according to the Department of Labor

This means that the number of Americans not in the labor force increased 296,000 between January and February 2013. If not for a shrinking labor force, the U.S. unemployment rate would be over 11%. Among the major worker groups, the unemployment rate for whites (6.8%) declined in February 2013 while the rates for adult men (7.1%), adult women (7.0%), teenagers (25.1%), blacks (13.8%), and Hispanics (9.6%) showed little or no change. The jobless rate for Asians was 6.1% (not seasonally adjusted), little changed from a year earlier. It seems that the more likely you were to vote for Obama, the more likely you are to be unemployed.

1 comment:

Average Joe said...