Monday, December 7, 2009

Black Youth Jobless Rate Jumps to 49.4 Percent Under Obama

The official “seasonally adjusted” jobless rate for African-American youth between 16 and 19 years of age under the Democratic Obama Regime jumped from 41.3 to 49.4 percent between October and November 2009; while the unemployment rate for African-American male workers over 20 years-of-age was still 16.9 percent in November 2009, according to the latest Bureau of Labor Statistics data.

The official “seasonally adjusted” jobless rate for African-American female workers over 20 years-of-age was still 11.7 percent in November 2009, while the unemployment rate for all African-American workers—male, female and youth—was still 15.6 percent..

In November 2009, the official “not seasonally adjusted” jobless rate for Hispanic or Latino male workers over 20 years of age was still 11.6 percent. For all Hispanic or Latino workers over 16 years of age (which takes into account the 34.7 percent “not seasonally adjusted” jobless rate for Latino youth and the 10.6 rate for Latino female workers over 20 years of age), the official “not seasonally adjusted” unemployment rate was still 12.7 percent in November 2009.

For white male workers in the United States over 20 years of age, the official “seasonally adjusted” jobless rate was still 9.8 percent in November 2009, while the rate for white female workers over 20 years of age remained at 7.4 percent. The official unemployment rate for white youth between 16 and 19 years of age was still 23 percent in November 2009.

The “not seasonally adjusted” unemployment rate for Asian-American workers was 7.3 percent in November 2009. But the official “seasonally adjusted” national jobless rate for all U.S. workers was still 10 percent in November 2009.

According to the Bureau of Labor Statistics’ December 4, 2009 press release:

“…In November, employment fell in construction, manufacturing and information…

“…The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent…

“The number of people working part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed in November at 9.2 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job…

“About 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 from a year earlier…These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey…

“Among the marginally attached, there were 861,000 discouraged workers in November, up from 608,000 a year earlier…Discouraged workers are persons not currently looking for work because they believe no jobs are available for them…

“Construction employment declined by 27,000 over the month…In November, construction job losses were concentrated among nonresidential specialty trade contractors…

“Manufacturing employment fell by 41,000 in November…

“Employment in the information industry fell by 17,000 in November. About half of the job loss occurred in its telecommunications component (-9,000)…”

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