The Labor Department has released it's statistics for the month of November. They report the economy created 228,000 new jobs, and the unemployment rate remained the same as in October -- 4.1%. Meanwhile, the number of unemployed American workers rose by about 90,000 in November.
Here are the relevant statistics for November:
SIZE OF THE CIVILIAN WORKFORCE:
160,529,000
OFFICIAL NUMBER OF UNEMPLOYED WORKERS:
6,610,000
OFFICIAL UNEMPLOYMENT RATE:
4.1%
DEMOGRAPHIC BREAKDOWN OF OFFICIAL UNEMPLOYMENT:
Adult men...............3.7%
Adult women...............3.7%
Teens (16-19)...............15.9%
Whites...............3.6%
Blacks...............7.3%
Hispanics...............4.7%
Asians...............3.0%
Less than HS diploma...............5.2%
HS graduate...............4.3%
Some college...............3.6%
Bachelor's degree or more...............2.1%
NUMBER OF "MARGINALLY-ATTACHED" UNEMPLOYED WORKERS (no longer included in the official count):
1,481,000
MORE REALISTIC UNEMPLOYMENT NUMBER (official + marginally-attached):
8,091,000
MORE REALISTIC UNEMPLOYMENT RATE:
5.04%
