
U.S. Unemployment: Age, Sex and Race Matter a Lot
by:Tom Moeller
|in:Economy in Brief
Summary
It's obvious that when it comes to most things, a person's age, sex and race matter. Within the Bureau of Labor Statistics Household Sector Survey, the differences are eye popping. To start, the April unemployment rate for women aged [...]
It's obvious that when it comes to most things, a person's age, sex and race matter. Within the Bureau of Labor Statistics Household Sector Survey, the differences are eye popping. To start, the April unemployment rate for women aged 25 years and older stood at 5.9%. That was in contrast to the rate for male teenagers which was 26.2%. Moreover, this difference pales in comparison to those by age and race. The high of the unemployment rate statistics was grabbed by young male blacks whose jobless rate stood at 44.7%.
Unemployment categorized by age and sex has improved during this economic recovery. Teenage unemployment remains at the high end of the range. Male unemployment at its early-2010 peak stood at 30.6% for teens. Last month it was down 4.4 percentage points to 26.2%. The teenage female unemployment rate of 22.1% fell 3.2 points from 25.3% at its peak.
For those aged 20-24 years, the unemployment rate amongst men was 19.9% at its high. Now it's 14.0%, down 5.9 percentage points. The current female unemployment rate for 20-24 year olds was 12.3% in April, down a lesser 1.9 percentage points from the peak of 14.2% in February 2011.
For adults aged 25 and over the degree of decline also favors men. Their unemployment peaked at 9.5% in late-2009 and it's down 3.2 percentage points to 6.3%. The current adult female jobless rate of 5.9% roughly equals the male rate, but that's down a lesser 1.7 points from the high.
Amongst black African Americans, differences also vary greatly by sex and age. To start, the unemployment rate for black male teenagers last month of 44.7% was down 9.6 percentage from the 2009 high of 54.3%. For teenage women the jobless rate of 37.6% was down 7.4 points from the 45.0% peak. For black men over 20, the 12.6% jobless rate was 6.6 points below its 19.2% peak. For adult women the 11.6% rate was down 2.3 percentage points from its June 2011 high of 13.9%.
The figures referenced above are available in Haver's EMPL database.
U.S. Unemployment Rate (%) | Apr | Mar | Feb | Y/Y | 2012 | 2011 | 2010 |
---|---|---|---|---|---|---|---|
Total | 7.5 | 7.6 | 7.7 | 8.1 | 8.1 | 8.9 | 9.6 |
16-19 Years Old | 24.1 | 24.2 | 25.1 | 24.9 | 24.0 | 24.4 | 25.8 |
Men | 26.2 | 25.9 | 27.0 | 27.2 | 26.8 | 27.1 | 28.8 |
Women | 22.1 | 22.4 | 23.2 | 22.4 | 21.2 | 21.6 | 22.8 |
20-24 Years Old | 13.1 | 13.3 | 13.1 | 13.2 | 13.3 | 14.6 | 15.5 |
Men | 14.0 | 14.4 | 13.4 | 14.2 | 14.3 | 15.7 | 17.8 |
Women | 12.3 | 12.0 | 12.7 | 12.2 | 12.2 | 13.4 | 13.0 |
25 Years and Over | 6.1 | 6.2 | 6.3 | 6.8 | 6.8 | 7.6 | 8.2 |
Men | 6.3 | 6.0 | 6.3 | 6.8 | 6.8 | 7.9 | 8.9 |
Women | 5.9 | 6.3 | 6.4 | 6.8 | 6.8 | 7.3 | 7.5 |
Tom Moeller
AuthorMore in Author Profile »Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.