Saturday, October 3, 2009

Unemployment in September 2009

The rate was 9.8% and can be found here.

That said, they didn't make it easy for the common man to just grab the trend.  About half way down I found the August number, 9.7%.

But, the interesting thing, and the problem, is the way this is spread across the population.

All workers   August = 9.7 and Sept = 9.8 (Difference = 0.1)

Adult men   August = 10.1 and Sept = 10.3 (Difference = 0.2)
Adult women   August = 7.6 and Sept = 7.8 (Difference = 0.2)
Teenagers   August = 25.5 and Sept = 25.9 (Difference = 0.4)

White   August = 8.9 and Sept = 9.0 (Difference = 0.1)
Black   August = 15.1 and Sept = 15.4 (Difference = 0.3)
Hispanic   August = 13.0 and Sept = 12.7 (Difference = -0.3)

If you are a man or Black you are not doing as well as if you are a woman or White (or Asian).  If you are a teenager you need to be going back to school until this thing blows over.  But, if you are Hispanic you see a favorable trend in September.

The Employment Situation for October is scheduled to be released on Friday, November 6, 2009, at 8:30 AM (EST).

Regards  —  Cliff

PS:  If I had my act together I would make an actual table.  Maybe, if there is a high demand for this data, I will do that next month.

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