Facts and Figures

Employment and Unemployment

Thu. March 12, 2015

February 2015 

Total nonfarm payroll employment increased by 295,000

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

Last Month

Change

Number Employed
148.297 million
148.201 million
0.1 million
Number Unemployed
8.705 million 8.979 million -0.3 million
Unemployment Rate
5.5% 5.7%

-0.2%


Overall Unemployment Rate                                        
5.5%
Whites
4.7%
African-Americans
10.4%
Latinos
6.6%
Asians
4.0%
Women
4.9%
Men
  5.2% 
Teenagers
17.1%

Multiple Jobholders                             
7.221 million - (or 4.9% of those employed)

 

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

 

Updated 3/12/2015 by IAM&AW Strategic Resources Department