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Home Publications Blogs CEPR Blog Unemployment Rate Remains at 9.6 Percent

Unemployment Rate Remains at 9.6 Percent

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Written by David Rosnick   
Friday, 08 October 2010 10:22
The unemployment rate held at 9.6 percent in September, despite a loss of 95,000 jobs — 77,000 of which were temporary Census positions. Including downward revisions in payroll employment for July and August, there are 110,000 fewer jobs than reported one month ago. While the overall unemployment rate did not change, the employment-to-population ratio (EPOP) of different populations were not similarly affected. White adults saw relatively little change in their EPOPs (-0.1 percentage points for men, 0.1 percentage points for women), but the EPOP for black men age 20 and older fell 0.5 percentage points and 2.6 percentage points for black teens.

The change in EPOP for black teens is particularly striking since only 16.2 percent were employed as recently as May. Ten years ago, 29.5 percent of black teens were employed compared with 11.7 percent in September. The overal EPOP in September was unchanged at 58.5 percent.

For more information, read the full Jobs Byte.
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written by Jeffrey Edelman, October 08, 2010 5:33
Well, it's nice to know all of those white republicans are going to punish the Ds for failing to improve the lot of black teen employment....

On a more serious note, what's REALLY going to be interesting is when the Rs clean up in Nov. and their economic 'policies' result in the double dip. Cry the beloved country.
Partner
written by joseph kopnitsky, October 23, 2010 7:05
Soon we'll have to scrap the whole wage system . It doesn't work in as part of a system. When we look at the present "system" it fails because the money with out drastic government intervention all gravitates to a few. About %5 end up with most if not all the money. The government in this depression is not able to tax those who have most of the money to make it circulate Also government intervention with the military to provide jobs has been an other tool to circulate money and keep men off the street. How ever the government is floating major loans to keep the military in the money. If we want peace then we have to abandon the war economy that we have. It will kill us even if we do not go to war. We must return to hand agriculture. It is twice as productive as industrial agriculture with almost 0 pollution. It would absorb a major amount of workers and create an actual culture on the land.

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