Employment Situation of the United States Essay Example | Topics and Well Written Essays - 750 words

Employment Situation of the United States - Essay Example The highest duration of unemployment is 27 weeks and over. The number of people marginally attached to labor force has been increasing and on the other hand, the discouraged workers have decreased (Bureau of Labor Statistics, 7). In December the overall Nonfarm payroll employment increased by 200,000. Transportation and warehousing, manufacturing, healthcare, retail trade, and mining reported job gains. Overall weekly hours has reported a minute increase. Same is true for average hourly earnings and average weekly earnings. Diffusion index has also increased for both total private sector and manufacturing sector (Bureau of Labor Statistics, 8). There is a clear difference between the unemployment rate of the adults and teenagers. Adult women have the lowest unemployment rate, which is 7.9 % in December after an increase from 7.8 % in November. On the second number is the unemployment rate for the adult men, which is 8.0 in December after a decrease of 8.3 % in November. Teenagers hav e a highest unemployment rate, i.e. 23.1 % after a decrease from 23.7 % in November, as shown in table A-1 (Bureau of Labor Statistics, 14). Similarly, according to the table A-2 and A-3 (Bureau of Labor Statistics, 15-17), there is the difference in the unemployment rate of the whites, blacks, Asians, and Latinos are different. According to this data, the unemployment rate for Asians has increased to 6.8 % in December from 6.5 % in November (not adjusted seasonally) and is lowest among all other ethnic categories. After them comes the white people of the United States, the unemployment rate for this ethnic category has decreased from 7.6 % in November to 7.5 % in December. Second, the highest unemployment rate is of Hispanic or Latino ethnicity, which has decreased to 11.0 % in December from 11.4 % in November.