Yglesias

The Demographics of Unemployment

CREDIT:

Interactive feature from The New York Times lets you see the unemployment rate for different demographic subgroups. The feature is labeled “The Jobless Rate for People Like You” so I checked and saw that white men aged 25-44 with college degrees have an unemployment rate of just 3.9 percent. Even if I reclassify myself as Hispanic it’s just 4.8 percent. Fortunately, I’m also allowed to see how people who aren’t like me are doing. Thus we learn that for African-American men aged 15-24 the unemployment rate is a staggering 30.5 percent. Even for the subset of young black men who have college degrees (which has to be a pretty tiny slice of the 15-24 set) the unemployment rate is 12.7 percent.

In general, unemployment is higher for the young than the old higher for the worse-educated than for the better educated, higher for men than for women, and higher for blacks than whites.