African American unemployment for June 2012 increased to 14.4%, while white unemployment remained 7.4% for the third straight month

July 6, 2012

U.S. unemployment rate

African American unemployment for June 2012 increased to 14.4%, while white unemployment remained 7.4% for the third straight month

The non-manufacturing economy grew for the 30th straight month in June, but the growth rate was the slowest in 2.5 years.
 
 
 
Will the unemployment rate determine who will be elected president in a little over 4 months away? The next election will be held on November 6, 2012 for U.S. federal offices.
 
Republican presidential candidate, former Massachusetts Gov. Mitt Romney and wife Ann Romney jet ski on Lake Winnipesaukee in Wolfeboro, N.H., Monday, July 2, 2012, where Romney has a vacation home. (AP Photo/Charles Dharapak)
 
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Source: Bureau of Labor Statistics of the U.S. Department of Labor
 
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month.

The number of unemployed persons (12.7 million) was essentially unchanged in June, and the unemployment rate held at 8.2 percent.

Among the major worker groups, the unemployment rate for blacks (14.4 percent) edged up over the month, while the rates for adult men (7.8 percent),  adult women (7.4 percent), teenagers (23.7 percent), whites (7.4 percent), and Hispanics/Latino of any race and any ethnicity (11.0 percent) showed little or no change. The jobless rate for Asians was 6.3 percent in June (not seasonally adjusted), little changed from a year earlier.
 
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) was essentially unchanged at 8.2 million. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.Total nonfarm payroll employment continued to edge up in June (+80,000). In the second quarter, employment growth averaged 75,000 per month, compared with an average monthly gain of 226,000 for the first quarter of the year. Slower job growth in the second quarter occurred in most major industries.
 
Professional and business services added 47,000 jobs in June, with temporary help services accounting for 25,000 of the increase. Employment also rose in management and technical consulting services (+9,000) and in computer systems design and related services (+7,000). Employment in professional and business services has grown by 1.5 million since its most recent low point in September 2009.
 
Employment in manufacturing continued to edge up in June (+11,000). Growth in the second quarter averaged 10,000 per month, compared with an average of 41,000 per month during the first quarter. In June, employment increased in motor vehicles and parts (+7,000) and in fabricated metal products (+5,000).
 
Employment continued to trend up in health care (+13,000) and wholesale trade (+9,000) in June.

Employment in other major industries, including mining and logging, construction, retail trade, transportation and warehousing, financial activities, leisure and hospitality, and government, showed little or no change.

 
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Dilemma X
 
The Great Recession and the Global Financial Crisis began in December 2007. The financial crisis was triggered by a complex problems in the United States banking system, the U.S. housing bubble and other financial failures.
 

Past June unemployment rates:

June 2012 was 8.2 The number of unemployed persons was 12.7 million
June 2011 was 9.2% The number of unemployed persons was 14.1 million
June 2010  was 9.5% The number of unemployed persons was 14.6 million
 
June 2009 was 9.5% The number of unemployed persons was 14.7 million -President Barack Obama assumed office January 20, 2009

Between January 2009 and March, 2009 more than 2 million jobs were lost and 663,000 were lost in March 2009 alone. The number of unemployed persons increased to 13.2 million that month.

June 2008 was 5.5%
The number of unemployed persons was 8.5 million.
The economy shed 80,000 jobs in March 2008. The unemployment rate in March 2008 ticked up to 5.1% from 4.8%, its highest level since the aftermath of Hurricane Katrina in September 2005.
 
June 2007 was 4.5% The number of unemployed persons was 6.9 million.
________________________________________________________________________ 
 
George W. Bush served as the 43rd President of the United States from January 20, 2001 – January 20, 2009.
 
June 2001 the nation’s unemployment rate was 4.5% with a total of  6.4 million unemployed persons
June 2008 the nation’s unemployment rate was 5.5% with a total of 8.5 million unemployed persons
January 2009 the nation’s unemployment rate was 7.6% with a total of 11.6 million unemployed persons. For whites the unemployment rate was 6.9% and for African Americans it was 12.6%. 
 
Bill Clinton served as the 42nd President of the United States from January 20, 1993 – January 20, 2001.
 
June 1994 the nation’s unemployment rate was 6.0% with a total of 7.8 million unemployed persons.
June 2000 the nation’s unemployment rate was 4.0% with a total of 5.6 million unemployed persons. April 2000 -For whites the unemployment rate was 3.5% and for African Americans it was 7.2%. This is the first time the nation’s unemployment rate had been below 4.0% since January 1970.
January 2001 the nation’s unemployment rate was 4.2%. The number of unemployed persons rose to 5.95 million.
 
_______________________________________________________________
 
June 2012
 
African American unemployment
 
African American unemployment for June 2012 increased to 14.4% (Seasonally adjusted)
African American unemployment for May 2012 was 13.6% (Seasonally adjusted)
African American unemployment for April 2012 was 13.0% (Seasonally adjusted)
African American unemployment for March 2012 was 14.0% (Seasonally adjusted)
African American unemployment for February 2012 was 14.1% (Seasonally adjusted)
African American unemployment for January 2012 was 13.6% (Seasonally adjusted)
African American unemployment for December 2011 was to 15.8% (Seasonally adjusted)
African American unemployment for November 2011 was 15.5% (Seasonally adjusted)
African American unemployment for October 2011 was 15.0% (Seasonally adjusted)
African American unemployment for September 2011 was 15.9% (Seasonally adjusted)
African American unemployment for August 2011 was 16.7% (Seasonally adjusted)
African American unemployment for July 2011 was 15.9% (Seasonally adjusted)
African American unemployment for June 2011 was 16.2% (Seasonally adjusted)
African American unemployment for May 2011 was 16.2% (Seasonally adjusted)
African American unemployment for April 2011 was 16.1% (Seasonally adjusted)
African American unemployment for May 2010 was 15.3% (Seasonally adjusted) 
 
By Sex
African American unemployment for men 20 years and over
 

June 2012 remained 14.2% (Seasonally adjusted)
May 2012 was 14.2% (Seasonally adjusted)
April 2012 was 13.6% (Seasonally adjusted)
March 2012 was 13.8% (Seasonally adjusted)
February 2012 was 14.3% (Seasonally adjusted)
January 2012 was 12.7% (Seasonally adjusted)
December 2011 was 15.7% (Seasonally adjusted)
November 2011 was 16.4% (Seasonally adjusted)
October 2011 was 16.0% (Seasonally adjusted)
September 2011 was 16.6% (Seasonally adjusted)
August 2011 was 18.0% (Seasonally adjusted)
July 2011 was 17.0% (Seasonally adjusted)
June 2011 was 17.0% (Seasonally adjusted)
May 2011 was 17.5% (Seasonally adjusted)
April 2011 was 17.0%  (Seasonally adjusted)
May 2010 was 17.0% (Not seasonally adjusted).
September 2009 was 15.5% (Not seasonally adjusted).
August 2010 was at 17.3%
 

African American unemployment for women 20 years and over

June 2012 increased to 12.7% (Seasonally adjusted)
May 2012 was 11.4% (Seasonally adjusted)
April 2012 was 10.8% (Seasonally adjusted)
March 2012 was 12.3% (Seasonally adjusted)
February 2012 was 12.4% (Seasonally adjusted)
January 2012 was 12.6% (Seasonally adjusted)
December 2011 was 13.9% (Seasonally adjusted)
November 2011 was 13.0% (Seasonally adjusted)
October 2011 was 12.6% (Seasonally adjusted)
September 2011 was 13.2% (Seasonally adjusted)
August 2011 was 13.4% (Seasonally adjusted)
July 2011 was 13.4% (Seasonally adjusted)
June 2011 was 13.8% (Seasonally adjusted)
May 2011 was 13.4% (Seasonally adjusted)
April 2011 was 13.4% (Seasonally adjusted)
May 2010 was 12.0% (Not seasonally adjusted).
September 2009 was 13.4% (Not seasonally adjusted).
August 2010 was 13.2%
 

African American unemployment for both sexes, 16 to 19 years

June 2012 increased to 39.3% (Seasonally adjusted)
May 2012 was 36.5% (Seasonally adjusted)
April 2012 was 38.2% (Seasonally adjusted)
March 2012 was 40.5% (Seasonally adjusted)
February 2012 was 34.7% (Seasonally adjusted)
January 2012 was 38.5% (Seasonally adjusted)
December 2011 was 42.1% (Seasonally adjusted)
November 2011 was 39.6% (Seasonally adjusted)
October 2011 was 37.5% (Seasonally adjusted)
September 2011 was 43.6% (Seasonally adjusted)
August 2011 was 46.3% (Seasonally adjusted)
July 2011 was 39.2% (Seasonally adjusted)
June 2011 was 39.9% (Seasonally adjusted)
May 2011 was 40.7% (Seasonally adjusted)
April 2011 was 41.6% (Seasonally adjusted)
May 2010 was 38.4% (Not seasonally adjusted).
September 2009 was 40.7% (Not seasonally adjusted).
August 2010 was 45.4%
________________________________________________________
 
White unemployment
 
June 2012 remained 7.4% (Seasonally adjusted)
May 2012 was 7.4% (Seasonally adjusted)
April 2012 was 7.4% (Seasonally adjusted)
March 2012 was 7.3% (Seasonally adjusted)
February 2012 was 7.3% (Seasonally adjusted)
January 2012 was 7.4% (Seasonally adjusted)
December 2011 was 7.5% (Seasonally adjusted)
November 2011 was 7.6% (Seasonally adjusted)
October 2011 was 8.0% (Seasonally adjusted)
September 2011 was 7.9% (Seasonally adjusted)
August 2011 was 7.9% (Seasonally adjusted)
July 2011 was 7.9% (Seasonally adjusted)
June 2011 was 8.1% (Seasonally adjusted)
May 2011 was 7.9% (Seasonally adjusted)
May 2010 was 8.4% (Seasonally adjusted)
 
By Sex
White unemployment for men 20 years and over
 
June 2012 remained 7.0% (Seasonally adjusted)
May 2012 was 7.0% (Seasonally adjusted)
April 2012 was 6.8% (Seasonally adjusted)
March 2012 was 6.8% (Seasonally adjusted)
February 2012 was 6.8% (Seasonally adjusted)
January 2012 was 6.9% (Seasonally adjusted)
December 2011 was 7.1% (Seasonally adjusted)
November 2011 was 7.3% (Seasonally adjusted)
October 2011 was 7.8% (Seasonally adjusted)
September 2011 was 7.7% (Seasonally adjusted)
August 2011 was 7.7% (Seasonally adjusted)
July 2011 was 7.9% (Seasonally adjusted)
June 2011 was 8.1% (Seasonally adjusted)
May 2011 was 7.9% (Seasonally adjusted)
April 2011 was 7.9% (Seasonally adjusted)
May 2010 was 8.4% (Not seasonally adjusted).
September 2009 was 8.7% (Not seasonally adjusted).
August 2010 was 8.9%
 
White unemployment for women unemployment 20 years and over
 
June 2012 decreased to 6.6% (Seasonally adjusted)
May 2012 was 6.7% (Seasonally adjusted)
April 2012 was 6.8% (Seasonally adjusted)
March 2012 was 6.6% (Seasonally adjusted)
February 2012 was 6.8% (Seasonally adjusted)
January 2012 was 6.8% (Seasonally adjusted)
December 2011 decreased to 6.8% (Seasonally adjusted)
November 2011 was 6.9% (Seasonally adjusted)
October 2011 was 7.0% (Seasonally adjusted)
September 2011 was 7.1% (Seasonally adjusted)
August 2011 was 7.0% (Seasonally adjusted)
July 2011 was 7.0% (Seasonally adjusted)
June 2011 was 7.1% (Seasonally adjusted)
May 2011 was 7.1% (Seasonally adjusted)
April 2011 was 7.0% (Seasonally adjusted)
May 2010 was 7.0% (Not seasonally adjusted).
September 2009 was 7.2% (Not seasonally adjusted).
August 2010 was 7.1%
 
White unemployment for both sexes, 16 to 19 years
 

June 2012 decreased to 20.9% (Seasonally adjusted)
May 2012 was 22.0% (Seasonally adjusted)
April 2012 was 22.8% (Seasonally adjusted)
March 2012 was 22.5% (Seasonally adjusted)
February 2012 was 21.3% (Seasonally adjusted)
January 2012 was 21.1% (Seasonally adjusted)
December 2011 was 20.3% (Seasonally adjusted)
November 2011 was 21.3% (Seasonally adjusted)
October 2011 was 21.7% (Seasonally adjusted)
September 2011 was 21.2% (Seasonally adjusted)
August 2011 was 22.8% (Seasonally adjusted)
July 2011 was 23.0% (Seasonally adjusted)
June 2011 was 21.8% (Seasonally adjusted)
May 2011 was 20.7% (Seasonally adjusted)
April 2011 was 22.3%  (Seasonally adjusted)
May 2010 was 25.1% (Not seasonally adjusted).
September 2009 was 23.0% (Not seasonally adjusted).
August 2010 was 23.8%
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Seasonally Adjusted
Not Seasonally Adjusted
 
Seasonal adjustment
is a statistical method for removing the seasonal component of a time series used when analyzing non-seasonal trends. Whereas, not-seasonally-adjusted reflects the actual current data. It is normal to report not-seasonally-adjusted data for current unemployment rates. Seasonally adjusted data may be used for the longer term comparison.
 
Total employment and unemployment vary throughout the year. For example,higher unemployment in January and February isn’t uncommon because of work in agriculture, construction and other seasonal industries slowing down. Also, both employment and unemployment rise every June, when students enter the labor force in search of summer jobs. Seasonally adjusted numbers also take into account seasonal hiring/layoff patterns that go along with winter and summer holidays.

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