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Economy
Unemployment Rate Rises to 7.9, Black Unemployment Rises to 14.30%
2012-11-03
The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. That almost perfectly offsets the increase in non farm payrolls (+171,000).

And the duration of unemployment 27 weeks and over rose to 40.6%.

The employment to population ratio rose in October to 58.8, but still remains at a level near the beginning of the "Reagan Recovery."

The unemployment rate among blacks/African Americans rose to 14.30%. There will be no joy in the Black/African American community over this pitiful unemployment rate.

On the wage front, changes in hourly earnings rose 1.6% (Year over Year), far below the Bush years. In fact, the rate fell in 2009 and has remained in the doldrums since.

Graphs on these statistics are available at the site
Posted by:Au Auric

#3  Real unemployment/under-employment of recent college grads is 50%.

This is the whole game: it hurts the young adults, their parents, and grandparents.

The Dems can hide unemployment in the ghetto, but they can't hide Josh and Caitlin who hunkered down in mom's basement each carrying $40K in debt.
Posted by: regular joe   2012-11-03 12:02  

#2  Which nationality lives in the most crime ridden areas and why?
Posted by: Fester Clunter7205   2012-11-03 08:48  

#1  These statistics are racist. The higher number of whites employed is simply due to demographics and their unwillingness to leave the workforce upon reaching retirement age. Obamacare will lift the burden of property ownership, depleted savings, prideful reluctance to accept federal assistance, etc, thus enabling these people to step aside and make way for the opportunity of others in a more level playing field.

Posted by: Besoeker   2012-11-03 03:27  

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