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Business & Marketing
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English (U.S.)
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Topic:

Unemployment among Whites and Blacks

Coursework Instructions:

Look at https://www(dot)bls(dot)gov/news.release/pdf/empsit.pdf (Links to an external site.) or the most recent news release from the BLS.
Note the numbers are in thousands. This means 230,895 is 230,895,000. Add three zeros, when appropriate, to the end of the numbers you read. For all questions that need a time period, use the two most recent months.
1. Find the two most recent months. What is the unemployment each month?
2. What is the unemployment percent?
3. What is the not in the labor force for each month?
4. Pick two groups by employment status, race, sex and age ie white and Asian males aged 20 years and older. Compare their labor force participation rate and unemployment rate. Comment or in other words, explain something about the statistics ie "I was surprised to find that race XX had much higher/lower rates..."
5. Of those unemployed, what group has the highest unemployment?
6. Explain what the current job market looks like for graduating high-school or college students. ie is the market good or bad for them? Do you think they will find a job?
7. Find one other statistic you find interesting. What is the statistic and briefly explain why it's interesting

Coursework Sample Content Preview:

Unemployment
Name:
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Date:
Unemployment in September and October
The stability of the economy rests on the capability of the government and companies to maintain a low unemployment rate and provide a secure working environment. However, the disruption caused by the pandemic has impacted employment significantly. In September the unemployment rate was 7.9% but it reduced to 6.9% in October. In September, the number of people who lost their jobs was 9,135,000 bringing the total number of people not in the labor force to 100, 599, 000. Although the number of people who lost their jobs in October slightly reduced to 7,712,000, the total number of people not in the labor force still stood at 100, 058, 000. Despite many people losing their employment, a total of 1, 065, 000 new employees joined the labor force within those two months (537, 000 in September and 528, 000 in October).
Unemployment among Whites and Blacks
I am shocked by how consistently African-American unemployment rate is high than all races in the country. In the 1950s, very few black people were employed because the majority of them did not have even high school diplomas. Currently, the United States Census Bureau indicates that 88% of African Americans have a high school diploma, which is almost equal to the national average. I thought that attaining same level of education will at least enable black people to access jobs easily. However, the data shows that in September, unemployment among black people was 12.1% compared to 7% of white people....
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