Friday, December 7, 2012
Unemployment Rates Decline for Men, Women, Blacks and Youths
But how broadly in the working population was the improvement felt?
Answer: The seasonally adjusted unemployment numbers, for November 2012, show declines from October for both whites and blacks, and in the major categories of the civilian population.
The bad news is that the differences are still stark. Blacks have an unemployment rate approximately twice as high as whites.
The improvement in the black unemployment figures was substantial across the board, between 1.0 and 1.1 percentage points. The improvement in the larger base of adult whites was 0.1 to 0.2 of a percentage point. The rate for white youths fell by 0.4 of a percentage point.