Content Curated By Darin R. McClure & a few photos


Unemployment Down to 7.7 Percent, Numbers Still Pretty Awful
March 8, 2013, 10:02 am
Filed under: Uncategorized

Unemployment Down to 7.7 Percent, Numbers Still Pretty Awful:

can i volunteer?The U.S. unemployment rate is the lowest
it’s been since December 2008, at 7.7 percent (which, in turn, was
the highest it had been to that point since July 1992).
The number may be a recent low, but it’s not exactly good, and
the crosstabs
are worse
:

Among the major worker groups, the unemployment rate
for whites (6.8 percent)  declined in February while the rates
for adult men (7.1 percent), adult women  (7.0 percent),
teenagers (25.1 percent), blacks (13.8 percent), and Hispanics
 (9.6 percent) showed little or no change. The jobless rate
for Asians was 6.1 percent (not seasonally adjusted), little
changed from a year earlier.

And it’s not just the unemployment rate that’s slow to recover
from the recession, GDP growth is doing pretty poorly too
.
Despite this, the president is pushing an increase to the minimum
wage, which will
only hurt the most vulnerable potential members of the
workforce
, especially teens, as seen in the chart below:
teenage wasteland
More Reason on unemployment


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