Unemployment unexpectedly falls to 10% in November

December 4, 2009 · Posted in Commentary 

The Bureau of Labor Statistics reported today that the unemployment rate fell to 10.0% in November, the biggest decline in three years. Only 11,000 jobs were lost last month, surprising many economists.

Let’s breakdown the numbers:

  • The unemployment rate for high school drop outs was 15.0%.
  • 4.9% of college graduates were unemployed.
  • The jobless rate for high school graduates was 10.4%.
  • 10.5% of men 20 and over were unemployed.
  • Women 20 and over had an unemployment rate of 7.9%.
  • 26.7% of 16 to 19 years were unemployed.
  • Jobless rate amongst whites was 9.3%.
  • 15.6% of blacks were jobless.

Of all the groups listed above, only the unemployment rate of college graduates increased from October, up from 4.7%.  However, college graduates still enjoyed the lowest unemployment rate of the listed groups.

Be Sociable, Share!


Leave a Reply

You must be logged in to post a comment.

Get Adobe Flash player