Facts and Figures

Employment and Unemployment

Wed. December 17, 2014

November 2014

 

In November, the unemployment rate held at 5.8 percent, and the number of unemployed persons was little changed at 9.1 million.

The unemployment rate is a broad, though somewhat crude measure of how workers are faring in the economy. It does not count discouraged workers, nor does it measure under-employment (for example, workers who want a full-time job but can only find part-time work). Making these adjustments would bring the measured unemployment rate up to 11.4%. But even an adjusted unemployment rate says nothing about the quality of jobs in the economy. This last point is particularly important to keep in mind, given the growth of non-standard (temporary and/or contingent) jobs in the U.S. economy.

 

This Month (November)

Last Month (October) Change
Number Employed
147.2 million
147.2 million
0.0 
Number Unemployed
9.1 million 8.9 million 0.2 million
Unemployment Rate
5.8% 5.8%

0%


Overall Unemployment Rate                                        
5.8%
Whites
4.9%
African-Americans
11.1%
Latinos
6.6%
Asians
4.8%
Women
 5.3%
Men
  5.4% 
Teenagers
17.7%

Multiple Jobholders                             
3.8 million - (or 5.6% of those employed)

 

Source: U.S. Department of Labor, Bureau of Labor Statistics, The Employment Situation.

 

Updated 12/17/2014 by IAM&AW Strategic Resources Department