The Labor Department released the unemployment report for February on Friday. It showed the economy produced about 151,000 jobs for the month, and the unemployment rate rose by 0.1% to 4.1%.
Here are the relevant statistics for February:
SIZE OF THE CIVILIAN WORKFORCE:170,359,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:7,052,000
OFFICIAL UNEMPLOYMENT RATE:4.1%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:Adult men...............3.8%Adult women...............3.8%Teens (16-19)...............12.9%Whites...............3.8%Blacks...............6.0%Asians...............3.2%Hispanics...............5.2%No HS diploma...............6.0%HS graduate...............4.2%Some college...............3.5%Bachelor's deg. or more...............2.5%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):1,704,000
MORE REALISTIC NUMBER OF UNEMPLOYED (official + marginally-attached):8,756,000
MORE REALISTIC UNEMPLOYMENT RATE:5.14%