Friday, September 4, 2009

African-American Male Worker Jobless Rate Under Obama Regime: 17 Percent

The official “seasonally adjusted” jobless rate for African-American male workers over 20 years-of-age under the Democratic Obama Regime jumped from 15.8 to 17 percent between July and August 2009; while the rate for African-American female workers over 20 years-of-age increased from 11.7 to 11.9 percent in August 2009, according to the latest Bureau of Labor Statistics data. The official “seasonally adjusted” unemployment rate for all African-American workers (which also takes into account the 34.7 percent jobless rate for African-American youth between 16 and 19 years of age) increased from 14.5 to 15.1 percent between July and August 2009.

Between July and August 2009, the official “not seasonally adjusted” jobless rate for Hispanic or Latino male workers over 20 years of age increased from 11.2 to 12.3 percent. For all Hispanic or Latino workers over 16 years of age (which takes into account the 34 percent “not seasonally adjusted” jobless rate for Latino youth), the official “not seasonally adjusted” unemployment rate increased to 13 percent in August 2009.

For white male workers in the United States over 16 years of age, the official “seasonally adjusted” jobless rate increased from 10.5 to 10.9 percent between July and August 2009, while the rate for white female workers over 16 years of age increased from 8.1 to 8.2 percent.

The “not seasonally adjusted” unemployment rate for Asian-American workers did decrease from 8.3 to 7.5 percent in August 2009. But the official “seasonally adjusted” national jobless rate for all U.S. workers increased from 9.4 to 9.7 percent between July and August 2009.

According to the Bureau of Labor Statistics’ September 4, 2009 press release:

“In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unemployment rate rose by 0.3 percentage points to 9.7 percent…

“In August, the number of persons working part time for economic reasons was little changed at 9.1 million. These individuals indicated that they were working part time because their hours had been cut back or because they were unable to find a full-time job…

“About 2.3 million persons were marginally attached to the labor force in August…

"These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey...

“Among the marginally attached, the number of discouraged workers in August (758,000) has nearly doubled over the past 12 months. (The data are not seasonally adjusted). Discouraged workers are persons not currently looking for work because they believe no jobs are available for them….

“Total nonfarm payroll employment declined by 216,000 in August….

“In August, construction employment declined by 65,000...

“In August, manufacturing employment continued to trend downward, with a decline of 63,000…Motor vehicles and parts lost 15,000 jobs in August…

“Financial activities shed 28,000 jobs in August, with declines spread throughout the industry…

“Wholesale trade employment fell by 17,000 in August. Employment in information continued to trend down over the month…

“The change in total nonfarm payroll employment for June was revised from -443,000 to -463,000, and the change for July was revised from -247,000 to -276,000…”

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