Key statistics you need to know:
- 12.1 million people are officially unemployed.
- 7.8% of the civilian work force (defined as anyone over the age of 16 who is working or seeking work, does not serve in the military and is not in prison) is unemployed.
- 6.7 million people have given up actively seeking employment, but still want a job. These people are not included in the civilian work force and thus are not counted in the unemployment figures.
- 63.6% of all Americans age 16+, not in the military and not imprisoned are participating in the labor force. This number is the lowest it has been since 1981. Factors include Baby Boomer mass retirements, young people quitting to go back to school and some middle income people quitting their jobs to lay the groundwork for starting a new business. Of course, some of it is reflecting the despair of low skill workers who can't find work and have given up for now.
- The official unemployment rate is higher among men than women.
- 23% of teens looking for work are unemployed.
- 14.4% of African Americans are unemployed, higher among men than women.
- 9.9% of Hispanics are unemployed.
- Unemployment for those without a college degree remains much higher than for those with a degree.
- 418,000 people joined the total civilian work force in September by either finding employment or restarting their search for a job.
- 230,000 people returned to the force after having given up looking.
- 873,000 more people were employed in September then were in August.
- 456,000 fewer people were unemployed in September then were in August.
Filed under: National Goverment