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Unemployment rate falls for every group but is higher for Black and Hispanic workers

  • Black and Hispanic unemployment dropped to 8.2% and 6.6% respectively, but the figures are high compared with the jobless rate for whites and Asians.
  • Joblessness for whites was the lowest at 4.8%. For Asians, the unemployment rate declined to 5.3%.

[cnbc.com]

Garsco 8 Aug 16
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0

We need to see the overall employment numbers. If someone would be so kind as to post them.

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"reduction in rate of un-employement" is a lie by obfuscation. It simply means that there were fewer un-employment claims filed than there were in the previous time period or quarter or 6 months...etc.
Everyone who files or filed an "un-employment claim" (applied for un-employment benefits) eventually loses his eligibility for benefits.
The number of claims is no indication - it is not evidentiary of gains in employment within the population.
Actually "un-employment" figures are meaningless and are only useful as a proverbial political football. A given politician can point to the meaningless number and use it to claim either that he is a good leader who "put people back to work" or to point at a competing politician and say that he is or was a bad leader who did nothing to help "put people back to work".
That's all it is. To read anything more into it is - well - just wishful thinking - to put it kindly


When I become King I will fix that!

1

Unemployment does not count the ones who have dropped out of the job market for whatever reason. Considering the number of states that have stopped paying people to not work, I'm surprised that the unemployment rate is still so high.

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