The Labor Department released its monthly unemployment report on Friday. It showed the economy produced about 115,000 jobs in April. While not great, that was enough to keep the unemployment rate at 4.3%.
Here are the relevant statistics for the month of April:
SIZE OF THE CIVILIAN WORK FORCE:
169,995,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
7,373,000
OFFICIAL UNEMPLOYMENT RATE:
4.3%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............4.0%
Adult women...............3.9%
Teens (16-19)...............14.4%
Whites...............3.7%
Blacks...............7.3%
Asians...............3.3%
Hispanics...............5.0%
NO HS diploma...............6.4%
HS graduate...............4.7%
Some college...............3.2%
Bachelor's deg. or more,,,,,,,,,,,,,,,2.8%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but no longer counted):
1,792,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
9,165,000
MORE REALISTIC UNEMPLOYMENT RATE:
5.39%
