Employment Situation Report
Mar 11

The Bureau of Labor Statistics released the February 2010 Employment Situation Report last week, showing the employment situation in the U.S. is largely unchanged since January.

The official unemployment rate stands at 9.7% with 14.9 million unemployed. The demographic breakdown, which also showed little to no change pegged unemployment among adult men at 10%, adult women at 8%, whites at 8.8%, Asians at 8.4%, blacks at 15.8%, Hispanics at 12.4% and teenagers at 25%.

Long term unemployment (unemployed for 27 weeks and over) numbers have remained about the same since December with 6.1 million, representing about 40% of the total unemployed.

The civilian labor force participation rate stood at 64.8% with the employment-population ratio at 58.5%.

The one change in the report comes in the category of persons working part-time involuntarily, which rose from 8.3 million workers to 8.8 million.

The report ends with an explanation on how the snow storms that affected much of the Northeastern US during February did not effect this report, as anyone who collected any wage during a whole pay period, even if it is for only one hour, would not be counted among the unemployed.

Carlton Smith is a Project Manager and Programmer living in Southeast Michigan. He is also the founder and Executive Editor of the web literary magazine Troubadour21.com. His blog can be found at UncleSol.net. Email Carlton at carlton@unclesol.net

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