{"id":8350,"date":"2017-05-05T16:07:20","date_gmt":"2017-05-05T16:07:20","guid":{"rendered":"http:\/\/njfac.org\/?p=8350"},"modified":"2017-05-27T20:26:11","modified_gmt":"2017-05-27T20:26:11","slug":"unemployment-data-april-2017","status":"publish","type":"post","link":"https:\/\/njfac.org\/index.php\/2017\/05\/05\/unemployment-data-april-2017\/","title":{"rendered":"Unemployment Data \u2013 April 2017"},"content":{"rendered":"

APRIL 2017<\/span>\u00a0Unemployment Data–the Full Count*
\n<\/strong>(U.S. BUREAU OF LABOR STATISTICS)<\/p>\n

OFFICIAL UNEMPLOYMENT: 4<\/strong>.4<\/strong><\/span>%<\/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 \u00a03<\/strong>.8<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
African American<\/strong><\/td>\n\n
7.9<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Hispanic<\/strong><\/td>\n\n
5.2<\/span><\/strong>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Asian**<\/strong><\/td>\n\n
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a03.2<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Persons with a disability**<\/strong><\/td>\n\n
\u00a0 10<\/strong>.7<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Men 20 years and over<\/strong><\/td>\n\n
4.0<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Women 20 years and over<\/strong><\/td>\n\n
4.1<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Teens (16-19 years)<\/strong><\/td>\n\n
14.7<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Black teens<\/strong><\/td>\n\n
29.3<\/span>%<\/strong><\/div>\n<\/td>\n<\/tr>\n
Officially unemployed<\/strong><\/td>\n\n
7.1<\/span>\u00a0million<\/strong><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

*If the LFPR were at its pre-recession level, the unemployment rate in May 2017 would have been<\/span>\u00a05.2%<\/span><\/a><\/strong> \u00a0instead of 4.4<\/span>%. [See “The Labor Force Participation Rate and Its Trajectory”]<\/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>\n5.3<\/span><\/strong>\u00a0million<\/strong><\/td>\n<\/tr>\n
People who want jobs but are not looking so are not counted in official statistics (of which about 1.5 million** searched for work during the prior 12 months and were available for work during the reference week.)<\/td>\n5.7 million<\/strong><\/td>\n<\/tr>\n
Total: 18.1<\/span>\u00a0million (10.9<\/span>%<\/strong> of the labor force)<\/strong><\/center><\/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 <\/a>For BLS State and area data, see Geographic Information<\/a>\u00a0and\u00a0State Unemployment Summary<\/a>. Also, EPI’s State unemployment rates by race and ethnicity<\/a>.<\/p>\n

**Not seasonally adjusted.
\n*See Uncommon Sense #4<\/a><\/em> for an explanation of the unemployment measures, and Is the Decline in the Labor Force Participation Rate During This Recession Permanent?<\/em><\/a>.<\/p>\n

\n
Unemployment rates by state: CareerTrends | Graphiq<\/a><\/div>\n<\/div>\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 2015,\u00a0 that number was 17.4 million, 15.7 percent of full-time, full-year workers (estimated from Current Population Survey, Bur. of the\u00a0 Census, 8\/2016)<\/a>. The poverty threshold in 2015 <\/a>was\u00a0$24,257 for a family of four.<\/p>\n

In March 2017, the latest month available, the number of job openings was 5.7 million. <\/strong>Job Openings and Labor Turnover Summary<\/a>, <\/strong>May 9, 2017.\u00a0\u00a0<\/strong>Thus there are approximately\u00a03.2 job-wanters\u00a0for each available job.<\/p>\n","protected":false},"excerpt":{"rendered":"

APRIL 2017\u00a0Unemployment Data–the Full Count* (U.S. BUREAU OF LABOR STATISTICS) OFFICIAL UNEMPLOYMENT: 4.4%* [Analyses] White \u00a0 \u00a0 \u00a03.8% African American 7.9% Hispanic 5.2% Asian** \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a03.2% Persons with a disability** \u00a0 10.7% Men 20 years and over 4.0% Women 20 years and over 4.1% Teens (16-19 years) 14.7% Black teens 29.3%… Read More Unemployment Data \u2013 April 2017<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","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-8350","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\/8350","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=8350"}],"version-history":[{"count":0,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/posts\/8350\/revisions"}],"wp:attachment":[{"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/media?parent=8350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/categories?post=8350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/njfac.org\/index.php\/wp-json\/wp\/v2\/tags?post=8350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}