Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.to

Question

Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary" to get the most up-to-date summary of unemployment in the U.S. or the "Employment Situation Summary Table A. Household data, seasonally adjusted." What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Discuss the differences in unemployment rates by gender, age, education, etc. (No Copy and Paste from google. Original work needed. Please!)

Explanation / Answer

Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary" to get the most up-to-date summary of unemployment in the U.S. or the "Employment Situation Summary Table A. Household data, seasonally adjusted." What interests or surprises you about the summary table? How does that rate compare with the rate in the previous month or quarter? Discuss the differences in unemployment rates by gender, age, education, etc.

The BLS report suggests that the unemployment rate in February 2013 stands at 7.7% which is little lower than the unemployment rate at January 2013 at 7.9%. However the report also indicates that from a longer term perspective unemployment rate has not changed so much. Unemployment rate in September 2012 was 7.8% and so over a period of close to one and half year unemployment rate has not changed that much.

The overall unemployment rate in February 2013 was 7.7% which was 7.9% in January 2013 which is a decline of 0.02 %. The unemployment rates for adult men was 7.1 % and that of adult women was 7.0% in February 2013 while the unemployment rate for both adult men and adult women was 7.3% in February 2013. Unemployment rate for teenagers increased from 23.4% in January 2013 to 25.1% in February 2013.

Among the major worker groups, the unemployment rate for whites (6.8%) declined in February 2013 from 7% in January 2013, while for blacks there change was no change in the unemployment rate (13.8 %), and for Hispanics it changed from 9.7% in January 2013 to 9.6% in February 2013. The data for Asian population is not seasonally adjusted and the change was from 6.5% in January 2013 to 6.1% in February 2013.

The unemployment rate for a person with less than a high school diploma was 12% in January 2013 but it declined to 11.2% in February 2013. For someone who is a High school graduate but without a college

Degree the unemployment rate declined from 8.1% to 7.9% during the same period. As for someone with some college or associate degree the unemployment rate declined from 7% to 6.7% during the one month period. However unemployment for persons with Bachelor

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