JUNE 2020 Unemployment Data–the Full Count The BLS estimates that official unemployment may be understated by up to 1%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 11.1%* [Analyses] White 10.1% African American 15.4% Hispanic 14.5% Asian¹ 13.8% Persons with a disability¹ 16.5% Men 20… Read More Unemployment Data–JUNE 2020
MAY 2020 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 13.3%* [Analyses] “The BLS determines how many people are unemployed based on a household survey. Survey interviewers misclassified several furloughed workers as being “absent from work due to ‘other reasons,’” according to the BLS. That’s the same category of workers who’d be… Read More Unemployment Data–MAY 2020
President Trump’s ability to boast about overseeing an economy in which unemployment reached a 50-year low was short-lived because of the virus-induced economic crisis. But the true story, as pointed out in an editorial note in the February issue of Monthly Review Magazine, is that the administration’s track record on jobs never matched the rosy… Read More Precarious Work in the Pre-COVID Economy
APRIL 2020 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 14.7%* [Analyses] White 14.2% African American 16.7% Hispanic 18.9% Asian¹ 14.5% Persons with a disability¹ 18.9% Men 20 years and over 13.0% Women 20 years and over 15.5% Teens (16-19 years) 31.9% Black teens 28.0%… Read More Unemployment Data–APRIL 2020
MARCH 2020 Unemployment Data–the Full Count (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 4.4%* [Analyses] White 4.0% African American 6.7% Hispanic 6.0% Asian¹ 4.1% Persons with a disability¹ 8.3% Men 20 years and over 4.0% Women 20 years and over 4.0% Teens (16-19 years) 14.3% Black teens 24.1%… Read More Unemployment Data–MARCH 2020
