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> But there are differences between the ratio and the widely used unemployment rate, which Trump used in citing the percentage. > The unemployment rate reflect
by pona-a 2y ago
> But there are differences between the ratio and the widely used unemployment rate, which Trump used in citing the percentage.
> The unemployment rate reflects the number of jobless people who are actively seeking work as a percentage of the available workforce - defined as those who have jobs or trying to find one.
> The May unemployment rate for blacks ages 16 to 24 was 18.7 percent. The rate for whites in the same age group was 9.1 percent.
> The employment-population ratio is a far broader measure that counts all civilians in its equation - even those who don’t work and aren’t looking for a job. In the 16- to 24-year-old category, it includes high school and college students who are not employed or seeking jobs.