What The Jobs Report Reveals About US Population
The Associated Press
U.S. employers added 171,000 jobs in October while hiring in August and September was stronger than first thought. At the same time, the unemployment rate ticked up to 7.9 percent from 7.8 percent, as more people started looking for work but not all found jobs.
The stepped-up hiring has affected different groups in different ways. Here are some details from the government's report: Unemployment rates for:Oct. 2012Sept. 2012Oct. 2011White7 %7 %8 %Black14.313.415Hispanic109.911.4Asian*220.127.116.11Adult men18.104.22.168Adult women7.277.9Teenagers23.723.72420-24 years old13.212.413.925-54 years old6.96.8855 and over5.85.97Veterans of Iraq/Afghanistan*109.712.1No high school diploma12.211.313.8High school graduate22.214.171.124Some college126.96.36.199College graduates188.8.131.52Duration of unemploymentAverage length (weeks)40.239.839.2Jobless 6 mos. or more (pct.)40.640.142.2*not seasonally adjustedSource: Labor Department
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts