Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Unemployment Rate Up for Men and College Grads

By Associated Press - Mar 7, 2014 at 5:02PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Particularly hard hit were African-American men. Their rate climbed to 12.9% last month from 12% in January.

The U.S. unemployment rate edged up to 6.7% in February as men struggled to find work, according to the Labor Department report issued Friday.

More than 160,000 men joined the ranks of the unemployed. That increase raised their unemployment rate to 6.4% from 6.2%.

Particularly hard hit were African-American men. Their rate climbed to 12.9% last month from 12% in January. It did so because more African-American men began searching unsuccessfully for work last month.

African-American women fared much better: 109,000 of them found jobs.

The Labor Department said the economy overall added 175,000 jobs last month.

College graduates are more likely to hold a job than are workers with less education. But February proved frustrating for many college grads. More than a quarter-million of them lost jobs after businesses had stepped up hiring of people with bachelor's degrees in January. This group's unemployment rate, while still far below the national rate, rose to 3.4% from 3.2%.

Unemployment rate by group
(Numbers in percentages) Feb. 2014 Jan. 2014 Feb. 2013
White 5.8 5.7 6.8
Black 12 12.1 13.8
Asian* 6 4.8 6.1
Adult men 6.4 6.2 7.2
Adult women 5.9 5.9 7
Teenagers 21.4 20.7 25.2
20-24 years old 11.9 11.9 13.1
25-54 years old 5.8 5.6 6.5
55 and over 4.6 4.5 5.8
Veterans of Iraq/Afghanistan* 9.2 7.9 9.4
No high school diploma 9.8 9.6 11.2
High school graduate 6.4 6.5 7.9
Some college 6.2 6 6.7
College graduates 3.4 3.2 3.9
Duration of Unemployment
Average length (weeks) 16.4 16 17.7
Jobless 6 months or more (pct) 37 35.8 39.7

*Not seasonally adjusted

Source: Labor Department

link

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
673%
 
S&P 500 Returns
142%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 11/30/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.