What The Jobs Report Reveals About US Population
The Associated Press
U.S. employers added 96,000 jobs in August, a tepid figure that points to the economy's persistent weakness and ruined hopes that hiring might pick up.
The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for work and therefore weren't counted in the government's calculation.
Sluggish hiring has affected different groups in different ways. Here are some details from the government's report: Unemployment rate by group:(Numbers in percentages)Aug. 2012July 2012Aug. 2011White:7.27.47.9Black:14.114.116.7Hispanic:10.210.311.3Asian*:5.96.27.1Adult men:7.67.78.8Adult women:7.37.57.9Teenagers:24.623.825.320-24 years old:13.913.514.725-54 years old:7.17.28.155 and over:5.96.26.6Veterans of Iraq/Afghanistan:10.98.99.8No high school diploma:1212.714.1High school graduate:8.88.79.5Some college:6.67.18.2College graduates:4.14.14.3Duration of Unemployment:Average length (weeks):39.238.840.3Jobless 6 months or more (pct.):4040.743.1* not seasonally adjustedSource: Labor Department
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