Associated Press
October 08, 2010
The economy shed a net total of 95,000 jobs last month, as weak hiring by private employers wasn't enough to offset widespread government layoffs. The unemployment rate, which is calculated from a different survey, held at 9.6 percent. But with the economy likely to remain weak for the rest of this year, many economists expect the rate to keep climbing in the coming months and potentially top 10 percent next year.
But the jobs crisis is affecting some people more than others. Here's how it breaks down among different groups, along with other details from the government's report:
UNEMPLOYMENT RATE BY GROUP:
(Numbers in percentages)
White: 8.7
Black: 16.1
Hispanic: 12.4
Asian: 6.4
Adult men: 9.8
Adult women: 8
Teenagers: 26
20-24 years old: 14.8
25-54 years old: 8.7
55 and over: 7.2
No high school diploma: 15.4
High school graduates: 10
Some college: 9.1
College graduates: 4.4
DURATION OF UNEMPLOYMENT
Average length (weeks): 33.3
Jobless 6 months or more (pct.) : 41.7
JOB CHANGES BY SECTOR:
(number of jobs)
Private employers: 64,000
Government: -159,000
Manufacturing: -6,000
Construction: -21,000
Retail: 5,700
Financial activities: -1,000
Temporary help: 16,900
Health care: 32,000
Restaurants and bars: 34,00
http://abcnews.go.com/Business/wireStory?id=11836143
October 08, 2010
The economy shed a net total of 95,000 jobs last month, as weak hiring by private employers wasn't enough to offset widespread government layoffs. The unemployment rate, which is calculated from a different survey, held at 9.6 percent. But with the economy likely to remain weak for the rest of this year, many economists expect the rate to keep climbing in the coming months and potentially top 10 percent next year.
But the jobs crisis is affecting some people more than others. Here's how it breaks down among different groups, along with other details from the government's report:
UNEMPLOYMENT RATE BY GROUP:
(Numbers in percentages)
White: 8.7
Black: 16.1
Hispanic: 12.4
Asian: 6.4
Adult men: 9.8
Adult women: 8
Teenagers: 26
20-24 years old: 14.8
25-54 years old: 8.7
55 and over: 7.2
No high school diploma: 15.4
High school graduates: 10
Some college: 9.1
College graduates: 4.4
DURATION OF UNEMPLOYMENT
Average length (weeks): 33.3
Jobless 6 months or more (pct.) : 41.7
JOB CHANGES BY SECTOR:
(number of jobs)
Private employers: 64,000
Government: -159,000
Manufacturing: -6,000
Construction: -21,000
Retail: 5,700
Financial activities: -1,000
Temporary help: 16,900
Health care: 32,000
Restaurants and bars: 34,00
http://abcnews.go.com/Business/wireStory?id=11836143