Friday, March 7, 2014

Black Male Worker "Not Seasonally Adjusted" Unemployment Rate Increases To 13.5 Percent In February 2014

The official “not seasonally adjusted” unemployment rate for Black male workers over 20 years-of-age increased from 13 to 13.5 percent between January and February 2014, according to recently released Bureau of Labor Statistics data; while the “not seasonally adjusted” number of unemployed Black male workers over 20 years-of-age increased by 47,000 (from 1,091,000 to 1,138,000) during the same period In addition, the number of Black male workers over 20 years-of-age who still had jobs decreased by 8,000 (from 7,287,000 to 7,279,000) during the same period.

The official “not seasonally adjusted” unemployment rate for Black youths between 16 and 19 years-of-age in the United States was still 31.5 percent in February 2014; while the “not seasonally adjusted” number of Black youths between 16 and 19 years-of-age who still had jobs decreased by 38,000 (from 600,000 to 562,000) between January and February 2014. In addition, the official “not seasonally adjusted” unemployment rate for all Black workers (youth, male and female) was still 12 percent in February 2014; while the official “not seasonally adjusted” jobless rate for Black female workers over 20 years-of-age was still 9.6 percent during that same month.

The official “not seasonally adjusted” unemployment rate for Latino youths between 16 and 19 years-of-age increased from 24.6 to 27.3 percent between January and February 2014; while the “not seasonally adjusted” number of Latino youths between 16 and 19 years-of-age who still had jobs decreased by 24,000 (from 753,000 to 729,000) during the same period. In addition, the “not seasonally adjusted” number of unemployed Latino youths between 16 and 19 years-of-age increased by 28,000 (from 246,000 to 274,000) between January and February 2014.

The official “not seasonally adjusted” jobless rate for white youths between 16 and 19 years-of-age increased from 17.8 to 19 percent between January and February 2014; while the “not seasonally adjusted” number of white youths between 16 and 19 years-of-age who still had jobs decreased by 69,000 (from 3,337,000 to 3,268,000) during the same period. In addition, the “not seasonally adjusted” number of unemployed white youths between 16 and 19 years-of-age increased by 43,000 (from 722,000 to 765,000) between January and February 2014.

Between January and February 2014, the official “not seasonally adjusted” unemployment rate for all youths between 16 and 19 years-of-age increased from 21 to 21.4 percent; while the total “not seasonally adjusted” number of youths between 16 and 19 years-of-age who still had jobs decreased by 70,000 (from 4,003,000 to 3,933,000) during the same period. In addition, the total “not seasonally adjusted” number of unemployed youths between 16 and 19 years-of-age increased by 8,000 (from 1,065,000 to 1,073,000) between January and February 2014..

The official “not seasonally adjusted” unemployment rate for Latina female workers over 20 years-of-age was still 8.8 percent in February 2014; while the official “not seasonally adjusted” jobless rate for all Latino workers (male, female and youth) in the United States was still 8.7 percent during that same month. In addition, the official “not seasonally adjusted” unemployment rate for Latino male workers over 20 years-of-age was still 7.3 percent in February 2014.

Between January and February 2014, the official “not seasonally adjusted” jobless rate for all Asian-American workers jumped from 4.8 to 6 percent; while the “not seasonally adjusted” number of unemployed Asian-American workers increased by 93,000 (from 421,000 to 528,000) during that same period.

The official “not seasonally adjusted” unemployment rate for white male workers over 20 years-of-age was still 6.2 percent in February 2014; while the “not seasonally adjusted” number of unemployed white male workers over 20 years-of-age increased by 49,000 (from 3,959,000 to 4,008,000) between January and February 2014. In addition, the “not seasonally adjusted” jobless rate for white female workers over 20 years-of-age was still 5.2 percent in February 2014.

The official “not seasonally adjusted” unemployment rate for all female workers over 20 years-of-age was still 5.9 percent in February 2014; while the official “not seasonally adjusted” unemployment rate for all male workers over 20 years-of-age increased from 7 to 7.1 percent between January and February 2014. In addition, the total “not seasonally adjusted” number of unemployed male workers over 20 years-of-age increased by 113,000 (from 5,562,000 to 5,645,000) between January and February 2014; while the official “not seasonally adjusted” jobless rate for all male workers over 16 years-of-age increased from 7.5 to 7.6 percent during the same period.

In February 2014, the official “not seasonally adjusted” unemployment rate for all U.S. workers (male, female and youth) was still 7 percent; while the official total “not seasonally adjusted” number of workers in the United States increased by 38,000 (from 10,855,000 to 10,893,000) between January and February 2014.

According to the Bureau of Labor Statistics’ March 7, 2014 press release:

“…In February…the unemployment rate was little changed at 6.7 percent…Employment…declined in information...Both the number of unemployed persons (10.5 million) and the unemployment rate (6.7 percent) changed little in February. The jobless rate has shown little movement since December…

“The number of long-term unemployed (those jobless for 27 weeks or more) increased by 203,000 in February to 3.8 million; these individuals accounted for 37.0 percent of the unemployed…The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was little changed at 7.2 million in February. These individuals were working part time because their hours had been cut back or because they were unable to find full-time work…

“In February, 2.3 million persons were marginally attached to the labor force…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 755,000 discouraged workers in February…Discouraged workers are persons not currently looking for work because they believe no jobs are available for them…

“In February, employment in construction changed little (+15,000)…Employment in health care changed little in February (+10,000). This marks the third consecutive month of little employment change in this industry. …Employment in hospitals changed little over the month but is down by 10,000 over the past 3 months.

“Retail trade employment changed little in February (-4,000). Among the component industries, a job gain in food and beverage stores (+12,000) was more than offset by declines in electronics and applicance stores (-12,000), sporting goods, hobby, book, and music stores (-9,000); and department stores (-7,000).

“Information lost 16,000 jobs in February. Most of the decline occurred in motion pictures and sound recording (-14,000)…Employment in other major industries, including mining and logging, manufacturing, transportation and warehousing, financial activities and government, changed little over the month…”

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