Sign in to comment!

Menu
Home

Economy

How unemployment affected different groups

The unemployment rate fell to 9 percent in January from 9.4 percent the previous month, as a surprisingly large number of people said they found jobs. Still, employers added only a net total of 36,000 new jobs, partly because harsh winter weather caused construction firms and other companies to temporarily lay off employees.

Below are some breakdowns of how these changes affected different groups and industries:

UNEMPLOYMENT RATE BY GROUP:
(Numbers in percentages)
Jan.Dec.
White:88.5
Black:15.715.8
Hispanic:11.913
Asian (not seasonally adjusted):6.97.2
Adult men:8.89.4
Adult women:7.98.1
Teenagers:25.725.4
20-24 years old:15.215.3
25-54 years old:7.98.5
55 and over:6.76.9
No high school diploma:14.215.3
High school graduates:9.49.8
Some college:88.1
College graduates:4.24.8
DURATION OF UNEMPLOYMENT:
Average length (weeks):36.934.2
Jobless 6 months or more (pct.):43.844.3
JOB CHANGES BY SECTOR:
(number of jobs)
Private employers:50,000139,000
Manufacturing:49,00014,000
Retail:27,5002,800
Health care:10,60026,700
Financial activities:-10,0000
Temporary help:-11,40038,100
Restaurants and bars:-4,4003,300
Construction:-32,000-17,000
State and local government:-12,000-26,000

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.23% up 4.19%  
15 Y Fixed Graph 3.26% dw 3.27%  
30 Y Fixed Jumbo Graph 4.62% dw 4.64%  
5/1 ARM Graph 3.70% up 3.38%  
5/1 Jumbo ARM Graph 4.07% up 4.01%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%