Publius1787
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- Jan 11, 2011
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I checked these numbers out as well as the chart that shows the participation rate. I still don't see the BLS showing the statistic that you stated with anything regard 55% unemployed. I did see this though:
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Yes, but you're not distinguishing between labor force participation and unemployment. Add those not participating the in labor force (meaning they are eligible for work but not looking (not retired or children)) to those unemployed and the number jumps to around 55%. See below
Unemployment Falls to 6.7 Percent Due to Workers Leaving the Labor Force | Jobs Bytes
The drop in labor force participation was sharpest for African Americans, who saw a decline of 0.3 percentage points to 60.2 percent, the lowest rate since December of 1977.
Maybe we are both misunderstanding what we are reading? There's not 55% unemployment rate on that page. There is this:
The drop in labor force participation was sharpest for African Americans, who saw a decline of 0.3 percentage points to 60.2 percent, the lowest rate since December of 1977. The rate for African American men fell 0.7 percentage points to 65.6 percent, the lowest on record. The decline in labor force participation was associated with a drop in the overall African American unemployment rate of 0.5 percentage points to 11.9, and a drop of 0.6 percentage points to 11.6 percent for African American men.
Yes, I combined those who are eligible for work but choose not to work with the unemployment rate. Unemployment requires that you are eligible for work and looking for work. But what if you are eligible for work and aren't looking for work? I add in those not looking. The unemployment rate is much lower than the lack of labor force participation among blacks. Of course, they're being subsidized not to look for a job and much of black labor is under the table or in the underground economy. Anyway, there are more black people eligible to work without jobs than with jobs.
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