Latino Jobless Rate Jumps To 12.7% In May

by Dollars and Sense

A summary of today's BLS report from Bob Feldman:

The official "seasonally adjusted” unemployment rate for Latino workers in the United States increased jumped from 11.3% to 12.7% between April 2009 and May 2009, according to the latest Bureau of Labor Statistics data.

The official "seasonally adjusted" unemployment rate for white male workers also increased from 8.5% to 9% between April 2009 and May 2009.

For all U.S. male workers over 16 years-of-age, the officially "seasonally adjusted" jobless rate increased from 10% to 10.5% between April 2009 and May 2009.

For all U.S. workers, the "seasonally adjusted" jobless rate increased from 8.9% to 9.4% between April 2009 and May 2009.

The official "not seasonally adjusted" jobless rate for Black female workers over 20 years-of-age also increased from 10.5% to 11.1% between April 2009 and May 2009; and the official "not seasonally adjusted" jobless rate for all Black workers increased from 14.4% to 14.7% during this same period.

The official "seasonally adjusted" rate for all Black male workers over 20 years-of age was still 16.8% in May 2009.

The official "not seasonally adjusted" jobless rate for Black youth between 16 and 19 years-of-age increased from 33.5% to 40.1% between April 2009 and May 2009, while the "not seasonally adjusted" unemployment rate for Hispanic or Latino youth increased from 26.5% to 31% during this same period. The official "not seasonally adjusted" jobless rate for white youth between 16 and 19 years-of-age also increased from 18.8% to 21.1% between April 2009 and May 2009.

According to the Bureau of Labor Statistics' June 5, 2009 press release:

"...Employment fell by 345,000 in May...Steep job losses continued in manufacturing...

"The number of unemployed persons increased by 787,000 to 14.5 million in May...

"The number of long-term unemployed (those jobless for 27 weeks or more) increased by 268,000 over the month...

"...The employment-population ratio, at 59.7%, continued to trend down...

"Manufacturing employment fell by 156,000 in May...Three durable goods industries—motor vehicles and parts (-30,000), machinery (-26,000), and fabricated metal products (-19,000)—accounted for about half of the overall decline in factory employment...Mining shed 11,000 jobs in May...

"Employment in construction decreased by 59,000 in May...In May, employment fell in nonresidential specialty trade contractors (-30,000) and in residential construction of buildings (-11,000)...

"Retail trade employment was down by 18,000 in May...Employment in wholesale trade fell by 22,000 over the month...

"Financial activities employment continued to decrease in May (-30,000). Securities lost 10,000 jobs and real estate lost 9,000...Employment in information decreased by 24,000 in May... "

--b.f.

See the full June 5th BLS "Employment Situation Report."

Labels: Bob Feldman, Bureau of Labor Statistics, jobs, Latino jobless rate, unemployment

 

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6/05/2009 03:06:00 PM