The New York Times as a great little application that shows the unemployment rates for different demographic groups. Hat Tip to Alex Tabarrok.
For white college-educated males over 45, the average unemployment rate over the last year is 4.1%. (That includes me.)
For white, college-educated males between 15-24, the unemployment rate is 8.4%. (The majority of my students.)
For high school educated males, between 25 and 45, the unemployment rate is 10.2%. It is 8.1% for similar women.
For black males between 15 and 25 without a high school degree, the unemploymen rate is 48.5%. Pretty awful.
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It’s very important to be aware of unemployment rates since it can affect the whole market. I am lucky that I don’t need to make much of effort as I work with OctaFX broker and they are very special given they offer us free report of the whole market, it is very easy and simple to follow and allows us to be working so well given the accuracy and the best point is that it’s not costly at all, so we can use it without any trouble or tension.
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