Part 2: The demographics of the unemployed - 5-8-17:

posted by Brian Mudd - 

Part 2: The demographics of the unemployed - 5-8-17:   

Bottom Line: The demos of the unemployed tell a much more instructive story about what's really going on in our labor market. As I do monthly, here are the government reported unemployment rates and my adjusted rate based on demographics:   

  • Asians: 3.2% (down .1%)  
  • White: 3.8% (down .1%)  
  • Hispanic: 5.2% (up .1%)  
  • Black: 7.9% (down .1%)  

Here are the adjusted rates:     

  • Asians: 6.3%  
  • White: 7.4%   
  • Hispanic: 10.1%   
  • Black: 15.4%   

Demographically, the news was generally solid. Every demographic, except the Hispanic unemployment rate, saw real improvement. While the reported unemployment rate for Hispanics slightly increased - the adjusted number didn't. Still, the 9.1% real unemployment rate disparity between the best and worst performing demographics illustrates why it's important to dive deeper into these numbers to see what's really going on. And it's clear that a lot of work needs to be done to improve the labor market, and participation for especially black adults. 

In the third part of today's story we'll explore how much money we're making...

Brian Mudd

Brian Mudd

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