On April 22, 2016, the federal government’s Bureau of Labor Statistics, released its statistics on employment characteristics of U.S. families in 2015.
Of the 81.41 million total number of families in America, 16.06 million families — nearly 20% (19.7%) or 1 out of every 5 families — had not even one employed member.
By “employed” is meant “any work at all as paid employees” or “in their own business, profession, or on their own farm.” This means even part-time work is considered being employed.
By “family” is meant “a group of two or more persons residing together who are related by birth, marriage, or adoption.”
Categorized in accordance with race and ethnicity, here are the most to least unemployed in 2015:
- Blacks were the most unemployed: No one worked in 22.3% of black families.
- Whites were better than blacks, but did worse than the national average, with 19.9% of white families not having even one employed member.
- Hispanics or Latinos were better: No one worked in 13.6% of Hispanic or Latino families.
- Asians were the most employed: No one worked in 11.4% of Asian families.
Let this sink in: No one works for pay in 20% of U.S. families.
How can this be sustainable?
H/t Michael Snyder of The Economic Collapse
~Eowyn
