Economy 101: Jobs crisis impacts some groups more than others, and other details from report

By AP
Friday, October 8, 2010

Economy 101: How unemployment varies across groups

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. With the economy likely to remain weak for the rest of this year, many economists expect the rate to climb in the coming months and potentially top 10 percent next year.

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 are percentages)
White:
Black:
Hispanic:
Asian:
Adult men:
Adult women:
Teenagers:
20-24 years old:
25-54 years old:
55 and over:
No high school diploma:
High school graduates:
Some college:
College graduates:
DURATION OF UNEMPLOYMENT
Average length (weeks): 33.3
Out of work for 6 months or more (percentage): 41.7
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: 34,000
Filed under: Economy
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