Unemployment stays at 9.7% for March
April 2, 2010 · Posted in Commentary
The Bureau of Labor Statistics reported today that the unemployment rate stayed at 9.7% in March with 162,000 jobs being added. This was the biggest increase in employment in 3 years. The fact that the unemployment rate did not change seems to indicate that more people are entering the workforce.
Let’s breakdown the numbers:
- The unemployment rate for high school drop outs was 14.5%, down from 15.6% last month.
- 4.9% of college graduates were unemployed, down from 5.0%.
- The jobless rate for high school graduates was 10.8%, up from 10.5%.
- 10.0% of men 20 and over were unemployed.
- Women 20 and over had an unemployment rate of 8.0%.
- 26.1% of 16 to 19 year olds were unemployed, up from 25.0% last month.
- Jobless rate amongst whites remained at 8.8%.
- 16.5% of blacks were jobless, up from 15.8% in the prior month
The unemployment rate of college graduates decreased slightly from February. Overall, college graduates still enjoy the lowest unemployment rate of the listed groups.
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