The Labor Department has released its official unemployment statistics for the month of August. It shows the unemployment rate remains very high. It was 8.4% for August. The official number of unemployed workers is 13,550,000. Trump will brag about that, but it remains a figure more than twice that of August a year ago. We continue to be in the midst of a recession that is deeper than any since the Great Depression -- and it won't be fixed until the Coronavirus is controlled (which Trump continues to ignore and lie about).
Here are the relevant statistics for the month of August:
SIZE OF THE CIVILIAN WORK FORCE:
160,838,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
13,550,000
OFFICIAL UNEMPLOYMENT RATE:
8.4%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men.....8.0%
Adult women.....8.4%
Teens (16-19).....16.1%
Whites.....7.3%
Blacks.....13.0%
Asians.....10.7%
Hispanics.....10.5%
Less than HS diploma.....12.6%
HS graduate.....9.8%
Some college.....8.0%
Bachelors deg. or more.....5.3%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but no longer counted):
2,080,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
15,630,000
MORE REALISTIC UNEMPLOYMENT RATE:
9.7%
