The Labor Department has released it unemployment statistics for the month of October. It showed that 638,000 people went back to work and the unemployment rate dropped by 1 point -- to 6.9%. That's still way too high, and will not drop back into good numbers until the Coronavirus is under control (something the Trump Administration is not even trying to do anymore).
Here are the relevant statistics for October:
SIZE OF CIVILIAN WORKFORCE:
160,867,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
11,061,000
OFFICIAL UNEMPLOYMENT RATE:
6.9%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............6.7%
Adult women...............6.5%
Teens (16-19)...............13.9%
White...............6.0%
Black...............10.8%
Asian...............7.6%
Hispanic...............8.8%
Less than HS diploma...............9.8%
HS graduate...............8.1%
Some college...............6.5%
Bachelor's degree or more...............4.2%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):
1,956,000
MORE REALISTIC NUMBER OF UNEMPLOYED (official + marginally-attached):
13,017,000
MORE REALISTIC UNEMPLOYMENT NUMBER:
8.09%
