Unemployment remains at 9.5% in July, 131k jobs lost
August 6, 2010 · Posted in Commentary
The Bureau of Labor Statistics reported today that the unemployment rate remained 9.5% in July with 131,000 jobs being lost. Temporary Census workers accounted for 143,000 of the total jobs lost. Private sector employment increased by 71,000 jobs.
Let’s breakdown the numbers:
- The unemployment rate for high school drop outs was 13.8%, down from 14.1% last month.
- 4.5% of college graduates were unemployed, up from 4.4% the previous month.
- The jobless rate for high school graduates was 10.1%, down from 10.8%.
- 9.7% of men 20 and over were unemployed, down from 9.9%.
- Women 20 and over had an unemployment rate of 7.9%, up from 7.8%.
- 26.1% of 16 to 19 year olds were unemployed, up from 25.7% last month.
- Jobless rate among whites was at 8.6%, unchanged from last month.
- 15.6% of blacks were jobless, up slightly from the prior month
College graduates continue to enjoy the lowest unemployment rate of the listed groups.
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