Unemployment remains unchanged in December.

January 8, 2010 · Posted in Commentary 

The Bureau of Labor Statistics reported today that the unemployment rate remained unchanged at 10.0% in December. Altogether 85,000 jobs were lost last month, up from 11,000 jobs lost in November.

Let’s breakdown the numbers:

  • The unemployment rate for high school drop outs was 15.3%.
  • 5.0% of college graduates were unemployed.
  • The jobless rate for high school graduates was 10.5%.
  • 10.2% of men 20 and over were unemployed.
  • Women 20 and over had an unemployment rate of 8.2%.
  • 27.1% of 16 to 19 year olds were unemployed.
  • Jobless rate amongst whites was 9.0%, down from 9.3% in November.
  • 16.2% of blacks were jobless, up from 15.6% in November.

The unemployment rate of college graduates increased in December, up from 4.9%. However, college graduates still enjoyed the lowest unemployment rate of the listed groups.

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