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lectur2-page23 - of 3.9 to 4.1 percent that has held since...

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The unemployment rates provided above are seasonally adjusted and are based upon those individuals 16 years and older in the civilian labor force. Unemployment has trended down since December of 1993. In April and May, 1998, unemployment reached a low of 4.3%. By December of 1999, unemployment reached 4.1%. The last time U.S. total unemployment was this low was January and February of 1970. In April of 2000, unemployment dipped to 3.9% In August 2000, the unemployment rate (4.1 percent) remained in the narrow range
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Unformatted text preview: of 3.9 to 4.1 percent that has held since October 1999. The rates across major demographic groups--adult men (3.2 percent), adult women (3.8 percent), whites (3.6 percent), blacks (8.0 percent), and Hispanics (5.7 percent)--showed little or no change in August, 2000. The teenage unemployment rate has edged up over the past 2 months to 14.4 percent. The number of unemployed persons was essentially unchanged at 5.8 million. 23...
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