Unemployment: Getting Better for Some

More

It's terrific to see unemployment rate dip below the 10 percent mark. But, unemployment in the Great Reset remains quite a bit deeper than in previous ones, as the NYT's Catherine Rampell shows. The overall U-6 measure of unemployment - which includes discouraged workers - stands at 16.5 percent.

A close look at the numbers finds some groups are doing far better than others. Men continue to fare substantially worse than women:  The unemployment rate for adult men remains 10 percent, while the rate for women is now 7.9 percent. 

The effects of the economic crisis continue to be extremely uneven.  Unemployment remains much higher for the less educated. The unemployment rate for workers without a high school degree, 15.2 percent, is 50 percent higher than that for workers with a high school diploma, 10.1 percent, and three times higher than for college-educated workers, 4.9 percent.

Unemployment also varies substantially by industry.  The unemployment rate for blue-collar workers remains quite high. The unemployment rate for manufacturing workers stands at 13 percent while construction workers face a staggering 24.7 rate.  The rate for professional services workers has grown to 11.1 percent, but financial professionals have unemployment of 6.6 percent.  The rate for educational professionals stands at  5.5 percent, and that for government employees is 4.3 percent.

Jump to comments
Presented by

Richard Florida is Senior Editor at The Atlantic and Director of the Martin Prosperity Institute at the University of Toronto. See his most recent writing at The Atlantic Cities. More

Florida is author of The Rise of the Creative Class, Who's Your City?, and The Great Reset. He is founder of the Creative Class Group.

Get Today's Top Stories in Your Inbox (preview)

Why Do Men Assume They're So Great?

Katty Kay and Claire Shipman, authors of this month's Atlantic cover story, sit down with Hanna Rosin to discuss the power of confidence and how self doubt holds women back. 


Elsewhere on the web

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Where Time Comes From

The clocks that coordinate your cellphone, GPS, and more

Video

Computer Vision Syndrome and You

Save your eyes. Take breaks.

Video

What Happens in 60 Seconds

Quantifying human activity around the world

Writers

Up
Down

More in National

From This Author

Just In