Showing posts from August, 2018

Bureau of Labor Statistics: Employment Breakdown

The jobs report came out for July 2018, and the numbers disappointed expectations. Employment rose by 157,000, below the consensus estimates of about 190,000 for the month of July. Despite lower gains, the unemployment rate continued to fall to 3.9 percent. Total unemployed individuals fell by 284,000 and about 9,000 joined the civilian labor force for the month. More specific breakdowns  include a slightly higher reduction in the unemployment of older males than the rest of the demographics. Adult males (ages 20+) saw their unemployment fall by 0.3 percent while adult women (ages 20+) saw no change in their unemployment. Teenagers (ages 16-19) saw unemployment rise by 0.5 percent being on the weaker end of the report. Broken down by ethnicity, every category saw unemployment tick downward except for Black which saw a slight increase. The Black category is known for having a higher unemployment rate, but it has fallen at the same rate as other ethnicities. This is true ev