From CIS.org: Worse Than It Seems: Broader Measure of Unemployment Shows Bleak Picture!!
By Daniel at 3 September, 2009, 4:38 pm
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By Steven A. Camarota, Karen Jensenius
August 2009
Backgrounders and Reports
Click here to download a pdf version of this Memorandum
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Steven A. Camarota is the Director of Research and Karen Jensenius is a demographer at the Center for Immigration Studies.
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While the current high rate of official unemployment is well known, it only includes those who have looked for work in the last four weeks. There is a broader measure of employment, referred to by the Bureau of Labor Statistics as U-6, which includes the unemployed and people who would like to work, but who have not looked for a job recently, as well as those involuntarily working part-time. This report examines the U-6 measure and finds that things are much worse than the official unemployment numbers imply. The situation is particularly bad for minorities, the young, and less-educated Americans. These are the workers who face the most competition from immigrants - legal and illegal. (All figures in this report are seasonally unadjusted and are from June 2009.)
Among the findings:
•As of June 2009, the overall unemployment rate for native-born Americans is 9.7 percent, but the broader U-6 measure shows it as 16.3 percent. There are 12.7 million unemployed natives, but using the U-6 measure it is 21.7 million.
•The unemployment rate for native-born Americans with less than a high school education is 20.8 percent. Their U-6 measure is 33.2 percent.
•The unemployment rate for young native-born Americans (18-29) who have only a high school education is 18.5 percent. Their U-6 measure is 30.3 percent.
•The unemployment rate for native-born blacks with less than a high school education is 27.5 percent. Their U-6 measure is 42 percent.
•The unemployment rate for young native-born blacks (18-29) with only a high school education is 25.8 percent. Their U-6 measure is 37.4 percent.
•The unemployment rate for native-born Hispanics with less than a high school education is 22.6 percent. Their U-6 measure is 36.5 percent.
•The unemployment rate for young native-born Hispanics (18-29) with only a high school degree is 21.3 percent. Their U-6 measure is 32.7 percent.
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