Friday, January 8, 2010

Black Jobless Rate Jumps To 16.2 Percent Under Obama

The official “seasonally adjusted” jobless rate for all African-American workers—youth, male and female--jumped from 15.6 to 16.2 percent between November and December 2009 under the Democratic Obama Regime; while the unemployment rate for African-American female workers over 20 years-of-age jumped from 11.7 to 13.1 percent between November and December 2009, according to the latest Bureau of Labor Statistics data.

The official “not seasonally adjusted” jobless rate for African-American male workers over 20 years-of-age also increased from 16.1 to 16.7 percent between November and December 2009; while the “seasonally adjusted” unemployment rate for African-American youth between 16 and 19 years of age was still 48.4 percent in December 2009.

The number of African-American workers with jobs also dropped by 146,000 between November and December 2009, according to “seasonally adjusted” figures. In addition, the number of African-American workers in the U.S. labor force decreased by 60,000 between November and December 2009.

The official “not seasonally adjusted” jobless rate for Hispanic or Latino male workers over 20 years of age also jumped from 11.6 to 12.8 percent between November and December 2009. For all Hispanic or Latino workers over 16 years of age (which takes into account the 35.5 percent “not seasonally adjusted” jobless rate for Latino youth), the official “not seasonally adjusted” unemployment rate increased to 12.9 percent in December 2009.

The number of Hispanic or Latino workers with jobs also dropped by 206,000 between November and December 2009, according to “not seasonally adjusted” figures. In addition, the number of Hispanic or Latino workers in the U.S. labor force decreased by 141,000 between November and December 2009.

For white male workers in the United States over 20 years of age, the official “not seasonally adjusted” jobless rate increased from 9 to 9.6 percent between November and December 2009, while the “not seasonally adjusted” unemployment rate for white female workers over 20 years of age decreased from 6.9 to 6.8 percent between November and December 2009. But the “seasonally adjusted” jobless rate for white youth between 16 and 19 years of age increased from 23 to 23.6 percent between November and December 2009.

The number of white workers with jobs in the United States also dropped by 330,000 between November and December 2009, according to “seasonally adjusted” figures.

The “not seasonally adjusted” unemployment rate for Asian-American workers increased from 7.3 to 8.4 percent between November and December 2009, while the official “seasonally adjusted” national jobless rate for all U.S. workers was still 10 percent in December 2009.

According to the Bureau of Labor Statistics’ January 8, 2009 press release:

“Nonfarm payroll employment edged down...in December…Employment fell in construction, manufacturing and wholesale trade…,

“In December, both the number of unemployed persons, at 15.3 million, and the unemployment rate, at 10.0 percent, were unchanged...

“Among the unemployed, the number of long-term unemployed (those jobless for 27 weeks and over) continued to trend up, reaching 6.1 million. In December, 4 in 10 unemployed workers were jobless for 27 weeks or longer…

“The civilian labor force participation rate fell to 64.6 percent in December…

“The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was…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 2.5 million persons were marginally attached to the labor force in December…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 929,000 discouraged workers in December…Discouraged workers are persons not currently looking for work because they believe no jobs are available for them…

“Construction employment declined by 53,000 in December…

“In December, employment in manufacturing decreased by 27,000…

“Wholesale trade employment declined by 18,000 in December, with the majority of the decline occurring among durable goods wholesalers…General merchandise stores lost 15,000 jobs…”

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