It is well-known that employment outcomes such as unemployment rates and employment-to-population ratios vary markedly across demographic groups. Differences in unemployment rates are especially pronounced across age and racial groups. For example, in January 2013 the unemployment rate for African Americans was approximately double that of whites.
Unemployment Rate in January 2013 (percent, seasonally adjusted)
All | Gender | Age | Race | Ethnicity | |||||||
Male | Female | 16-24 | 25-34 | 35-44 | 45-54 | 55+ | White | African American | Asian | Hispanic | |
7.9 | 8.0 | 7.8 | 16.8 | 7.7 | 6.5 | 6.0 | 6.0 | 7.0 | 13.8 | 6.3 | 9.7 |
Source: Bureau of Labor Statistics.
So for the age, the total rare of unemployed is 8.6%. I'm afraid that this will be worse in the future.
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