The Labor Department released the unemployment report for August on Friday. It showed the economy produced about 142,000 jobs for the month - pushing the unemployment rate to 4.2% (down by 0.1% from July).Here are the relevant statistics for August:
SIZE OF THE CIVILIAN WORK FORCE:
168,549,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
7,115,000
OFFICIAL UNEMPLOYMENT RATE:
4.2%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............4.0%
Adult Women...............3.7%
Teens (16-19)...............14.1%
Whites...............3.8%
Blacks...............6.1%
Asians...............4.1%
Hispanics...............5.5%
NO HS diploma...............7.1%
HS graduate...............4.0%
Some college...............3.4%
Bachelor's deg or more...............2.5%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):
1,401,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
8,516,000
MORE REALISTIC UNEMPLOYMENT RATE:
5.05%
