Friday, November 6, 2009

Black Male Worker Jobless Rate Jumps To 17.1 Percent Under Obama

The official “seasonally adjusted” jobless rate for African-American male workers over 20 years-of-age under the Democratic Obama Regime increased from 16.5 percent to 17.1 percent between September and October 2009; while the unemployment rate for African-American female workers over 20 years-of-age was still 12.4 percent in October 2009, according to the latest Bureau of Labor Statistics data.

The official “seasonally adjusted” unemployment rate for all African-American workers (which also takes into account the 41.3 percent jobless rate for African-American youth between 16 and 19 years of age) increased from 15.4 to 15.7 percent between September and October 2009.

Ironically, although Democratic Party presidential candidate Obama claimed during the 2008 election campaign that his economic recovery and stimulus plan would provide jobs for unemployed workers in the United States, since October 2008 the official “seasonally adjusted” official jobless rate for African-American male workers over 20 years of age has jumped from 11.8 percent to 17.1 percent.

In October 2009, the official “not seasonally adjusted” jobless rate for Hispanic or Latino male workers over 20 years of age was 11.9 percent. For all Hispanic or Latino workers over 16 years of age (which takes into account the 35.6 percent “not seasonally adjusted” jobless rate for Latino youth), the official “not seasonally adjusted” unemployment rate was 13.1 percent in October 2009.

For white male workers in the United States over 20 years of age, the official “seasonally adjusted” jobless rate increased from 9.6 to 9.9 percent between September and October 2009, while the rate for white female workers over 20 years of age increased from 7 to 7.4 percent.

Since October 2008, the official unemployment rate for white male workers over 20 years of age has increased from 5.8 percent to 9.9 percent.

The “not seasonally adjusted” unemployment rate for Asian-American workers was 7.5 percent in October 2009. But the official “seasonally adjusted” national jobless rate for all U.S. workers increased from 9.8 to 10.2 percent between September and October 2009.

Since October 2008, the official jobless rate for all U.S. workers has jumped from 6.6 percent to 10.2 percent.

According to the Bureau of Labor Statistics’ November 6, 2009 press release:

“The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000)…The largest job losses over the month were in construction, manufacturing, and retail trade…

“In October, the number of unemployed persons increased by 558,000 to 15.7 million. The unemployment rate rose…to the highest rate since April 1983…

“The number of long-term unemployed (those jobless for 27 weeks and over) was…5.6 million. In October, 35.6 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) was…9.3 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 2.4 million persons were marginally attached to the labor force in October…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 808,000 discouraged workers in October…Discouraged workers are persons not currently looking for work because they believe no jobs are available for them…,

“Total nonfarm payroll employment declined by 190,000 in October…

“Construction employment decreased by 62,000 in October…Job losses were concentrated in nonresidential specialty trade contractors (-30,000) and in heavy construction (-14,000)…

“Manufacturing continued to shed jobs (-61,000) in October, with losses in both durable and nondurable goods production…

“Retail trade lost 40,000 jobs in October. Employment declines were concentrated in sporting goods, hobby, book, and music stores (-16,000) and in department stores (-11,000). Employment in transportation and warehousing decreased by 18,000 in October…”

No comments: