{"id":5239,"date":"2015-11-28T16:00:38","date_gmt":"2015-11-28T16:00:38","guid":{"rendered":"http:\/\/njfac.org\/?page_id=5239"},"modified":"2017-05-13T01:50:00","modified_gmt":"2017-05-13T01:50:00","slug":"april-2015","status":"publish","type":"page","link":"https:\/\/njfac.org\/index.php\/april-2015\/","title":{"rendered":"April 2015"},"content":{"rendered":"

APRIL 2015 UNEMPLOYMENT DATA*<\/strong>
\n(U.S. BUREAU OF LABOR STATISTICS)<\/strong><\/p>\n

OFFICIAL UNEMPLOYMENT: <\/strong>5.4<\/strong>%<\/strong>*
\n<\/strong>A year earlier, the number of unemployed persons was 9.7 million,\u00a0and the jobless rate was 6.2 percent. [<\/span>BLS]
\n<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
White<\/strong><\/td>\n\u00a0\u00a0 <\/strong>4.7%<\/strong><\/td>\n<\/tr>\n
African American<\/strong><\/td>\n\u00a0\u00a0 9.6%<\/strong><\/td>\n<\/tr>\n
Hispanic<\/strong><\/td>\n\u00a0\u00a0 6.9<\/strong>%<\/strong><\/td>\n<\/tr>\n
Asian**<\/strong><\/td>\n\u00a0\u00a0 4.4%<\/strong><\/td>\n<\/tr>\n
Persons with a disability**<\/strong><\/td>\n\u00a010.0%<\/strong><\/td>\n<\/tr>\n
Men 20 years and over<\/strong><\/td>\n\u00a0 5.0%<\/strong><\/td>\n<\/tr>\n
Women 20 years and over<\/strong><\/td>\n\u00a0 4.9%<\/strong><\/td>\n<\/tr>\n
Teens (16-19 years)<\/strong><\/td>\n\u00a017.1%<\/strong><\/td>\n<\/tr>\n
Black teens<\/strong><\/td>\n\u00a027.5%<\/strong><\/td>\n<\/tr>\n
Officially unemployed<\/strong><\/td>\n\u00a08.5 million<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

from the U.S. BUREAU OF LABOR STATISTICS<\/a><\/p>\n

*If the LFPR were at its pre-recession level, the unemployment rate in April 2015 would have been 7.3% instead of 5.4%<\/a>. [See “The Labor Force Participation Rate and Its Trajectory<\/a>“]<\/strong><\/p>\n

HIDDEN UNEMPLOYMENT<\/strong><\/p>\n\n\n\n\n\n
Working part-time because can’t find a full-time job:<\/td>\n6.6<\/strong> million<\/strong><\/td>\n<\/tr>\n
People who want jobs but are not looking so are not counted in official statistics (of which about 2.1 million** searched for work during the prior 12 months and were available for work during the reference week.)<\/td>\n\u00a06.3 million<\/strong><\/td>\n<\/tr>\n
Total:\u00a0 21.4 million (13.1%<\/strong> of the labor force)<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: http:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf<\/a> See also Current Employment Statistics–Highlights
\n<\/a>
\n**Not seasonally adjusted.
\n*See Uncommon Sense #4<\/em> <\/a>for an explanation of the unemployment measures, and Is the Decline in the Labor Force Participation Rate During This Recession Permanent?<\/a><\/em>.<\/p>\n

In addition, millions more were working full-time, year-round, yet earned less than the official poverty level for a family of four. In 2013, the latest year available, that number was 18.5 million, 17.5 percent of full-time, full-year workers (estimated from Current Population Survey, Bur. of the Census, 9\/2014).<\/p>\n

Job Openings and Labor Turnover Summary<\/a><\/p>\n

Unemployment Rate Vastly Understates Labor Market Weakness<\/a><\/p>\n

Chartbook: The Legacy of the Great Recession<\/a> Center on Budget and Policy Priorities<\/p>\n

See Trends in long-term unemployment, Bureau of Labor Statistics slides<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

APRIL 2015 UNEMPLOYMENT DATA* (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 5.4%* A year earlier, the number of unemployed persons was 9.7 million,\u00a0and the jobless rate was 6.2 percent. [BLS] White \u00a0\u00a0 4.7% African American \u00a0\u00a0 9.6% Hispanic \u00a0\u00a0 6.9% Asian** \u00a0\u00a0 4.4% Persons with a disability** \u00a010.0% Men 20 years and over \u00a0 5.0%… Read More April 2015<\/span><\/a><\/p>\n","protected":false},"author":20,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5239","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/pages\/5239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/comments?post=5239"}],"version-history":[{"count":0,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/pages\/5239\/revisions"}],"wp:attachment":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/media?parent=5239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/categories?post=5239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/tags?post=5239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}