Dec. 6. The government released its jobs numbers today. E-pop, the number of those with jobs as a percent of the population, went back to 58.6% the same as it was two months ago (before the partial government shut-down). It’s still far below the 63 and 64 per cent numbers before the Great Recession. The “participation rate” went up a couple of clicks, also though it did not catch up to where it was in September. The cartoonist Ted Rall did a fine cartoon about the decline in recent years of the participation rate.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 4.1 million in November.
E-pop for whites is 59.3. E-pop for Blacks is 53.0. For both blacks and whites the number is almost a half percent less than last year.
For what it’s worth the official unemployment rate for whites is 6.2%. For blacks it’s 12.5%. As I’ve said many times before I don’t think the “official” rate shows how bad unemployment is, but the fact that the black rate remains double the white rate is scandalous. (and listen to a comment about that at blackagendareport.com)