The Labor Department released the unemployment report for June on Friday. It showed the economy produced 209,000 new jobs, and the unemployment rate dropped by 0.1 to 3.6%.
Here are the relevant statistics for June:
SIZE OF CIVILIAN WORK FORCE:
166,951,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
5,957,000
OFFICIAL UNEMPLOYMENT RATE:
3.6%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............3.4%
Adult women...............3.1%
Teens (16-19)...............11.0%
Whites...............3.1%
Blacks...............6.0%
Asians...............3.2%
Hispanics...............4.3%
No HS diploma...............6.0%
HS graduate...............3.9%
Some college...............3.1%
Bachelor's deg. or more...............2.0%
NUMBER OF MARGINALLY-ATTACHED WORKERS (unemployed but not counted):
1,435,000
MORE REALISTIC NUMBER OF UNEMPLOYED WORKERS (official + marginally-attached):
7,392,000
MORE REALISTIC UNEMPLOYMENT RATE:
4.43%