The Labor Department released its unemployment report for October on Friday. The number of jobs created dropped to an anemic 12,000, but that was good enough to keep the unemployment rate at 4.1% - the same as in September.
Here are the relevant statistics for October.
SIZE OF THE CIVILIAN WORK FORCE:
168,479,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
6,984,000
OFFICIAL UNEMPLOYMENT RATE:
4.1%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............3.9%
Adult women...............3.6%
Teens (16-19)...............13.8%
Whites...............3.8%
Blacks...............5.7%
Asians...............3.9%
Hispanics...............5.1%
No HS diploma...............6.6%
HS graduate...............4.0%
Some college...............3.4%
Bachelor's deg. or more...............2.5%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but no longer counted):
1,572,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
8,556,000
MORE REALISTIC UNEMPLOYMENT RATE:
5.0%