Friday, April 2, 2010

Black Male Worker "Seasonally Adjusted" Jobless Rate Jumps To 19 Percent Under Obama

The official “seasonally adjusted” jobless rate for Black male workers over 20-years-of- age in the United States under the Democratic Obama Administration jumped from 17.8 to 19 percent between February and March 2010; while the “seasonally adjusted” unemployment rate for all U.S. male workers over 20-years-of-age remained at 10 percent, according to the latest Bureau of Labor Statistics. The “not seasonally adjusted” jobless rate for Black male workers over 20-years-of age also jumped from 19.1 to 20.2 percent between February and March 2010.

The official “seasonally adjusted” jobless rate for white female workers over 20 years-of-age remained at 7.3 percent between February and March 2010; while the “seasonally adjusted” unemployment rate for Black female workers over 20 years-of-age increased from 12.1 to 12.4 percent in March 2010.

The number of unemployed Black male workers over 20-years-of-age increased from 1,424,000 to 1,542,000 workers between February and March 2010, according to the “seasonally adjusted” figures; while the number of unemployed white workers decreased from 10,982,000 to 10,945,000, according to the “seasonally adjusted” figures. Between February and March 2010, the total number of unemployed workers in the United States also increased from 14,871,000 to 15,005,000 workers, according to the “seasonally adjusted” data.

The official “seasonally adjusted” jobless rate for all Hispanic or Latino workers increased from 12.4 to 12.6 percent between February and March 2010; while the official “not seasonally adjusted” unemployment rate for Asian-American workers decreased from 8.4 to 7.5 percent.

The “seasonally adjusted” jobless rate for Black youths between 16 and 19 years-of-age was still 41.1 percent in March 2010; while the “seasonally adjusted” unemployment rate for white youths between 16 and 19 years-of-age was 23.7 percent in March 2010. The “not seasonally adjusted” jobless rate for Hispanic or Latino youth between 16 and 19 years-of-age was still 30.1 percent in March 2010.

According to the Bureau of Labor Statistics’ April 2, 2010 press release:

“Nonfarm payroll employment increased by 162,000 in March, and the unemployment rate held at 9.7 percent…Temporary help services and health care continued to add jobs over the month. Employment in federal government also rose, reflecting the hiring of temporary workers for Census 2010. Employment continued to decline in financial activities and information…

“In March, the number of unemployed persons was little changed at 15.0 million, and the unemployment rate remained at 9.7 percent…

“The number of long-term unemployed (those jobless for 27 weeks and over) increased by 414,000 over the month to 6.5 million. In March, 44.1 percent of unemployed persons were jobless for 27 weeks or more…

“The number of persons working part time for economic reasons (sometimes referred to as involuntary part-time workers) increased to 9.1 million in March. 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 March, compared with 2.1 million 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 1.0 million discouraged workers in March, up by 309,000 from a year earlier…Discouraged workers are persons not currently looking for work because they believe no jobs are available for them…

“Temporary help services added 40,000 jobs in March…

“Employment in federal government was up over the month, reflecting the hiring of 48,000 temporary workers for the decennial census…

“In March, financial activities shed 21,000 jobs, with the largest losses occurring in insurance carriers and related activities (-9,000). Employment in the information industry decreased by 12,000…”