According to the U. S. Department of Labor the unemployment rate has dropped to 10 per cent. If you go to their website, you can get a little more information on how the numbers actually stack up.
I might mention here that historically, every time the minimum wage is raised, teenage unemployment goes up.
This does not paint a great picture for the future. The number I was looking for but didn't find was how many civilian jobs versus government jobs were added to the economy. The rise in temporary help seems to me to be an indication that businesses are unsure about the future because of the economic policies of the current administration.
Among the major worker groups, unemployment rates for adult men (10.5 percent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 percent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November. The unemployment rate for Asians was 7.3 percent, not seasonally adjusted.
I might mention here that historically, every time the minimum wage is raised, teenage unemployment goes up.
Among the unemployed, the number of job losers and persons who completed temporary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent.
Employment in professional and business services rose by 86,000 in November. Temporary help services accounted for the majority of the increase, adding 52,000 jobs. Since July, temporary help services employment has risen by 117,000.
This does not paint a great picture for the future. The number I was looking for but didn't find was how many civilian jobs versus government jobs were added to the economy. The rise in temporary help seems to me to be an indication that businesses are unsure about the future because of the economic policies of the current administration.
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