2016 Postmortem
Related: About this forumLatino And Black Unemployment Rates Fall At Faster Clip, Boosting Obama's Election Chances
10/05/2012
While Friday's news that the overall unemployment rate dropped to 7.8 percent generated headlines and unfounded conservative allegations that the monthly jobs report had been rendered rosy in a conspiracy to improve Obama's election chances, two little-reported measures do indicate that Obama's odds may be improving.
The nation's Latino and black unemployment rates -- both so critically elevated since the recession began that they have together kept the nation's overall unemployment rate far above a level most economists consider healthy -- also declined. In fact, Latino and black unemployment fell at a sharper clip than did that of white workers and the total workforce nearly reaching multi-year lows.
In September, 9.4 percent of Latino workers, 2.3 million men and women, remained jobless. That's down from the 10.1 percent or 2.45 million workers who were unable to find jobs the month before. The September jobs report brought Latino unemployment near a level unseen since 2008.
Black workers saw even bigger jobs gains. In September, 13.4 percent of black workers, or 2.44 million people, remained out of work. That's an improvement over the 14.5 percent of black workers, or 2.68 million black men and women who sought work in August but were unable to find it. September job gains pushed black unemployment down, quite close, to a level unseen since 2009.
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More:
http://www.huffingtonpost.com/2012/10/05/latino-black-unemployment-rates_n_1943676.html
davidpdx
(22,000 posts)I mean the stuff is so wacky yet predictable you can almost guess what they'll come up with.
Heather MC
(8,084 posts)I believe the reason the unemployment rate went down is September is, once Schools re-opened it was easier for parents to go out looking for work. And not having to worry about the extra cost for Day Care.
Anytime is a good time to get a job when you don't have one and want one. However the timing for getting a job in September is better for many people with children.