Tuesday, November 10, 2009

A Personalized Jobless Rate

Yesterday, The New York Times put an interactive tool on their website that shows the unemployment rate for various demographic groups in the US. As the tool shows, unemployment varies by race, age, and education level.

As of September 2009, women were slightly less likely to be unemployed than the average person: women had a 7.6 percent unemployment rate compared to the national rate of 8.6 percent. Men, however, had an unemployment rate of 9.6 percent.

When all the demographic points are held equal, a lack of education correlates with the highest unemployment rate. Men and women without a high school diploma have a 17.5 percent unemployment rate. Close behind are people between the ages of 15 and 24, who have a 16.7 percent unemployment rate (remember, to qualify as unemployed, a person must be actively searching for a job and currently available to work, so this rate does not include students who choose not to work). When looking at race, African Americans have the highest unemployment rate at 13.9 percent, followed by Hispanics at 11.2 percent, and Caucasians at 7.2 percent. "All other races" have an unemployment rate of 9.2 percent.

What are your thoughts? Do any of these numbers surprise you? Let us know in the comments.

No comments:

Post a Comment