Unemployment drops to 9.5% for June, 125k jobs lost

July 2, 2010 · Posted in Commentary 

The Bureau of Labor Statistics reported today that the unemployment rate edged down to 9.5% in June with 125,000 jobs being lost. Temporary Census workers accounted for 225,000 of the total jobs lost. Private sector employment increased by 83,000 jobs.

Let’s breakdown the numbers:

  • The unemployment rate for high school drop outs was 14.1%, down from 15.0% last month.
  • 4.4% of college graduates were unemployed, down from 4.7% the previous month.
  • The jobless rate for high school graduates was 10.8%, down from 10.9%.
  • 9.9% of men 20 and over were unemployed, a slight increase.
  • Women 20 and over had an unemployment rate of 7.8%, down from 8.1%.
  • 25.7% of 16 to 19 year olds were unemployed, down from 26.4% last month.
  • Jobless rate among whites was at 8.6%, down from 8.8%.
  • 15.4% of blacks were jobless, down slightly from the prior month

College graduates continue to enjoy the lowest unemployment rate of the listed groups.

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