{"id":11534,"date":"2021-03-05T11:01:07","date_gmt":"2021-03-05T16:01:07","guid":{"rendered":"https:\/\/njfac.org\/?p=11534"},"modified":"2021-04-02T10:00:58","modified_gmt":"2021-04-02T14:00:58","slug":"unemployment-data-february-2021","status":"publish","type":"post","link":"https:\/\/njfac.org\/index.php\/2021\/03\/05\/unemployment-data-february-2021\/","title":{"rendered":"Unemployment Data\u2013FEBRUARY 2021"},"content":{"rendered":"

February 2021 Unemployment Data\u2013the Full Count<\/strong><\/p>\n

The BLS estimates that official unemployment this month may be understated by up to 0.5%, reflecting measurement problems.<\/p>\n

(U.S. BUREAU OF LABOR STATISTICS)<\/p>\n

OFFICIAL UNEMPLOYMENT: 6.2<\/strong>%<\/strong>* [Analyses]<\/a><\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
White<\/strong><\/td>\n\n
\u00a0 \u00a0\u00a0 5<\/strong>.6<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
African American<\/strong><\/td>\n\n
9.9<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Hispanic<\/strong><\/td>\n\n
8.5<\/span><\/strong>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Asian\u00b9<\/strong><\/td>\n\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 5.1<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Persons with a disability\u00b9<\/strong><\/td>\n\n
\u00a0 12<\/strong>.6<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Men 20 years and over<\/strong><\/td>\n\n
6.0<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Women 20 years and over<\/strong><\/td>\n\n
5.9<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Teens (16-19 years)<\/strong><\/td>\n\n
13.9<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Black teens<\/strong><\/td>\n\n
19.8<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Officially unemployed<\/strong><\/td>\n\n
10.0 <\/span>million<\/strong><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

HIDDEN UNEMPLOYMENT<\/strong><\/p>\n\n\n\n\n\n
Working part-time because can\u2019t find a full-time job:<\/td>\n\u00a06.1 <\/span><\/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 1.9 million\u00b9 searched for work during the prior 12 months and were available for work during the reference week.)<\/td>\n6.9 million<\/strong><\/td>\n<\/tr>\n
Total: 23.0 million (13.8%<\/strong>\u00a0of the labor force)<\/strong><\/center><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: http:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf<\/a> Read p. 5, Coronavirus (COVID-19) Impact on February 2021 Establishment and Household Survey Data for problems. See also Current Employment Statistics\u2013Highlights<\/a>. For BLS State and area data, see Geographic Information and State Unemployment Summary<\/a> and Current Unemployment Rates for States<\/a> and Historical Highs\/Lows, Seasonally Adjusted<\/a><\/p>\n

*See Uncommon Sense #4<\/a> and How the BLS Measures Unemployment<\/a> for an explanation of the unemployment measures.<\/p>\n

\u00b9Not seasonally adjusted.\u00a0 Marginally Attached workers want work and are available, have looked for work within the last 12 months, but not during “the 4 weeks preceding the survey.”<\/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 2019,\u00a0 that number was 16.7 million, 14.0 percent of full-time, full-year workers (estimated from Current Population Survey, Bur. of the\u00a0 Census)<\/a>. The\u00a0poverty threshold in 2019\u00a0<\/a>was $26,172 for a family of four.<\/p>\n

In January 2021, the latest month available, the number of job openings was 6.9 million. Job Openings and Labor Turnover Summary<\/a>, March 11, 2021.\u00a0\u00a0Thus there are 3.3 job-wanters for each available job. See also <\/strong>JOLTS Experimental State Estimates<\/a><\/p>\n

Unemployment is measured as a percent of the civilian non-institutional labor force.\u00a0 The unemployed are those who have not worked at least an hour during the week of record, when a sample survey is taken, and who have looked for work during that month. The labor force includes those 16 years old and older who are either working or unemployed.\u00a0 It excludes those in\u00a0 institutions, like nursing homes or prisons, and those in the military. The latter two groups would in all likelihood experience high unemployment. Merely adding the incarcerated would add about one percentage point to the unemployment rate.<\/p>\n","protected":false},"excerpt":{"rendered":"

February 2021 Unemployment Data\u2013the Full Count The BLS estimates that official unemployment this month may be understated by up to 0.5%, reflecting measurement problems. (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 6.2%* [Analyses] White \u00a0 \u00a0\u00a0 5.6% African American 9.9% Hispanic 8.5% Asian\u00b9 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 5.1% Persons with a disability\u00b9 \u00a0 12.6%… Read More Unemployment Data\u2013FEBRUARY 2021<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[49,1],"tags":[],"class_list":["post-11534","post","type-post","status-publish","format-standard","hentry","category-current-rate","category-uncategorized"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts\/11534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/comments?post=11534"}],"version-history":[{"count":0,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts\/11534\/revisions"}],"wp:attachment":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/media?parent=11534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/categories?post=11534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/tags?post=11534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}