Employment by Category

unemploymentWe look at the unemployment statistics in the newspaper and see a blended picture of all Americans.  Currently, we are told, 4.6% of Americans who are looking for a job are unable to find one.  But what is the figure for adult men and women over age 20?  Or for people with a high school diploma vs. those who are college-educated?

The Labor Department Report that the newspapers are reporting on actually breaks down these figures in some detail, as you can see in the accompanying chart.  Notice that much of the actual joblessness is found in the teenage population, age 16-19 years, where unemployment runs at 15.2% overall.  Also note that white Americans have a rate below the national average (4.2%), while African-Americans are unemployed at higher rates (8.1%).

Look lower on the chart and you see that people 25 years and older, overall, have an unemployment rate of just 3.9%—a figure you probably won’t see anywhere in the headlines.  Break that down by education, and you see the value of a diploma or degree, as the rate is three times higher for people who never graduated from high school (7.9%) than people who graduated from college (2.3%).

 

 

Source:

 

http://finance.yahoo.com/news/us-payrolls-report-november-2016-130614643.html

 

About Objectively Speaking

Tom Batterman, founder of Vigil Trust & Financial Advocacy and Financial Fiduciaries, LLC is in the business of representing the best financial interests of his clients. Having provided objective, fee-only financial management services for over two decades, he specializes in managing the investment and related financial affairs of individuals and mutual insurance companies who do not have the time, interest or expertise to manage such matters on their own. As an objective, unbiased professional who takes on a fiduciary responsibility to his clients, he guides clients to the financial decisions they would make themselves if they had years of training and experience and the time and expertise to fully research and understand all of their options. Founded in 2010 as an outgrowth of Vigil Trust & Financial Advocacy, Financial Fiduciaries, LLC is a financial management solution for individuals and mutual insurance companies who recognize they do not have the time, interest or expertise to properly attend to their financial matters on their own. While there are many financial “advisors”, most of them have investment products to sell and the “advice” they provide is geared toward getting their clients to engage in a purchase. As one of the rare subset of advisors known as “fiduciary advisors”, Financial Fiduciaries does not sell any investment product so its guidance is not compromised by conflicts of interest which plague ordinary advisors. Prior to his employment in the financial industry in financial advocacy and trust positions, he worked at a private law practice in the Wausau area in the areas of estate planning, tax, retirement planning, corporate organizations and real estate. He is a graduate of the University of Wisconsin-Madison and the UW-Madison Law School and has during his career held Series 7, 24 and 65 securities licenses. A longtime resident of the Wausau, Wisconsin Area, Tom is active in the community. He enjoys golf, curling, skiing, fishing, traveling and spending time with his family.
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