Friday, November 2, 2012

Black Worker Unemployment Rate Jumps To 14.3 Percent In October 2012

The official “seasonally adjusted” unemployment rate for all Black workers in the United States jumped from 13.4 to 14.3 percent between September and October 2012; while the total number of unemployed Black workers increased by 200,000 (from 2,464,000 to 2,684,000) during the same period, according to the Bureau of Labor Statistics data.

The official “seasonally adjusted” jobless rate for Black female workers over 20 years-of-age jumped from 10.9 to 12.4 percent between September and October 2012; while the number of unemployed Black female workers over 20 years-of-age increased by 186,000 (from 1,018,000 to 1,204,000) during the same period.

The official “seasonally adjusted” unemployment rate for Black youths between 16 and 19 years-of-age also jumped from 36.7 to 40.5 percent between September and October 2012; while the number of unemployed Black youths increased by 28,000 (from 279,000 to 307,000) during the same period. In addition, the “seasonally adjusted” jobless rate for Black male workers over 20 years-of-age was still 14.1 percent in October 2012; while the number of unemployed Black male workers over 20 years-of-age increased by 6,000 (from 1,167,000 to 1,173,000) between September and October 2012.

The official “seasonally adjusted” jobless rate for white youths between 16 and 19 years-of-age was still 20.6 percent in October 2012; while the official unemployment rate for white male workers over 20 years-of-age was still 6.6 percent during that same month.

For white female workers over 20 years-of age, the official jobless rate was still 6.3 percent in October 2012; while the number of white female workers over 20 years-of-age in the U.S. labor force dropped by 100,000 (from 54,531,000 to 54,431,000) between September and October 2012. In addition, between September and October 2012 the number of white female workers over 20 years-of-age who had jobs in the United States dropped by 78,000 (from 51,105,00 to 51,022,000); and the official “seasonally adjusted” unemployment rate for all white workers in the United States (male, female and youth) was still 7 percent in October 2012.

The official “not seasonally adjusted” jobless rate for Latino youth between 16 and 19 years-of-age increased from 27.8 to 28.9 percent between September and October 2012; while the number of Latino youths between 16 and 19 years-of-age with jobs decreased by 56,000 (from 811,000 to 755,000) during the same period, according to the “not seasonally adjusted” data.

According to the “seasonally adjusted” data, the official jobless rate for all Latino workers in the United States (male, female and youth) increased from 9.9 to 10 percent between September and October 2012; while the total number of unemployed Latino workers in the United States (male, female and youth) increased by 42,000 (from 2,427,000 to 2,469,000) during the same period.

According to the “not seasonally adjusted” data, the unemployment rate for Latino male workers over 20 years-of-age increased from 7.6 to 8.3 percent between September and October 2012; while the number of unemployed Latino male workers over 20 years-of-age increased by 120,000 (from 1,017,000 to 1,137,000) during the same period. And in October 2012 the “not seasonally adjusted” jobless rate for Latina female workers over 20 years-of-age was still 9.5 percent.

Between September and October 2012, the number of Asian-American workers who had jobs decreased by 57,000 (from 7,810,000 to 7,753,000), according to the “not seasonally adjusted” data; while the number of Asian-American workers in the U.S. labor force dropped by 55,000 (from 8,204,000 to 8,149,000) during the same period. The “not seasonally adjusted” unemployment rate for Asian-American workers increased from 4.8 to 4.9 percent between September and October 2012; while, according to the “not seasonally adjusted” data, the number of unemployed Asian-American workers increased by 2,000 (from 394,000 to 396,000) during the same period.

The official “seasonally adjusted” jobless rate for all female workers in the United States over 16 years-of-age increased from 7.5 to 7.7 percent between September and October 2012; while the total number of unemployed female workers over 16 years-of-age increased by 160,000 (from 5,456,000 to 5,616,000) during same period. And the official unemployment rate for all youths between 16 and 19 years-of-age was still 23.7 percent in October 2012; while the jobless rate for all male workers in the United States over 16 years-of-age was still 8 percent during that same month.

Between September and October 2012, the official “seasonally adjusted” jobless rate for all U.S. workers increased from 7.8 to 7.9 percent; and the total number of officially unemployed U.S. workers increased from 12,088,000 to 12,258,000—an increase of 170,000--during the same period.

According to the November 2, 2012 Bureau of Labor Statistics press release:

“…Among the major worker groups, the unemployment rate for Blacks increased to 14.3 percent in October…In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.6 percent of the unemployed…The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 269,000 to 8.3 million in October…These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job…

“In October, 2.4 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 813,000 discouraged workers in October…Discouraged workers are persons not currently looking for work because they believe no jobs are available for them…

“Temporary help employment changed little in October and has shown little net change over the past 3 months…Manufacturing employment changed little in October. On net, manufacturing employment has shown little change since April.

“Mining lost 9,000 jobs in October, with most of the decline occurring in support activities for mining. Since May of this year, employment in mining has decreased by 17,000…In October, average hourly earnings of private-sector production and nonsupervisory employees edged down by 1 cent to $19.79…"

 

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