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Unemployment, black unemployment fell slightly last month
Staff Reporter | Posted December 4, 2009 9:00 AM
One day after President Obama's White House jobs summit, the unemployment rate fell slightly in November to 10.0 percent and the black unemployment rate fell, barely, from 15.7 to 15.6 percent.
Nonfarm payroll employment was essentially unchanged, according to the U.S. Bureau of Labor Statistics, marking the first month in almost a year without hundreds of thousands of job losses.
In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, there were only 11,000 job losses. Both those numbers pale in comparsion to 600,000 jobs lost per month in the first few months of 2009.
The number of unemployed persons, at 15.4 million, also edged down, but that figure is still twice as high as the number of unemployed (7.5 million) at the beginning of the recession in December 2007. At that point, the jobless rate was 4.9 percent.
Unemployment rates for adult men (10.5 percent), adult women (7.9 percent), teenagers (26.7 percent), whites (9.3 percent), blacks (15.6 percent), and Hispanics (12.7 percent) showed little change in November. The unemployment rate for Asians was 7.3 percent, not seasonally adjusted.
The new report was likely to bolster hopes that the recession had begun to bottom out in the job market. But despite the news, the number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million, and the percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent.
As President Obama pushes for health care reform and 30,000 additional troops in Afghanistan, the White House is eager to communicate to the public that the administration is still focused on jobs and the economy. Today the president will travel to Allentown, Pennsylvania to visit the Allentown Metal Works and speak at Lehigh Carbon Community College.
Articles written by a Staff Reporter are unsigned reports from a member of the staff.
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