Saturday, November 6, 2010

Jobs Data Highlights the Challenges for Washington

[mEDITate-OR:
forget that tis people we are talking about out there...

The first chart is from NYTimes, and shows U.S. the differences.
the 2nd chart is from AP - which almost every month show U.S. this same spread.

What is also very interesting is that not only are the UI rates for hispanics high, but they were the 1st to be let go and they are the first ones to be re-hired. Let go bcuz they were our construction workers; re-hired bcuz they will work for less money.

Not nice, but what is.
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UNEMPLOYMENT RATE BY GROUP:
(Numbers in percentages)
White: 8.8
Black: 15.7
Hispanic: 12.6
Asian: 7.1
Adult men: 9.7
Adult women: 8.1
Teenagers: 27.1
20-24 years old: 15.2
25-54 years old: 8.5
55 and over: 7.3
No high school diploma: 15.3
High school graduates: 10.1
Some college: 8.5
College graduates: 4.7
DURATION OF UNEMPLOYMENT
Average length (weeks): 33.9
Jobless 6 months or more (pct): 41.8
JOB CHANGES BY SECTOR:
(number of jobs)
Private employers: 159,000
Education and health care: 53,000
Temporary help: 34,900
Retail: 27,900
Restaurants and bars: 24,400
Construction: 5,000
Financial activities: -1,000
Manufacturing: -7,000
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Jobs Data Highlights the Challenges for Washington
http://www.nytimes.com/2010/11/06/business/economy/06jobs.html?src=mv
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Economy 101: Unemployment by the Numbers
AP story
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