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Toll Brothers Inc. Message Board

  • sage2123 sage2123 Aug 3, 2013 10:30 AM Flag

    UE Falling?

    Not for some...

    Friday's jobs report was disappointing, but it also contained a truly heartbreaking statistic. Black teen unemployment is a shocking 41.6%. In July last year, the unemployment was considerably lower, at 36%. That almost half of black teens who want to work can't find jobs is a stain on Obama's economic policies.

    This isn't a numbers trick. This isn't a rate based on the whole black teen population in the country. This is the proportion of the black teen population that is looking for work but can't find a job. Just in March, the number was eight points lower at 33%. The white teen unemployment rate is half the black rate, although still high at 20%.

    The heartbreaking thing is that these teens haven't given up hope and left the job market, something that has artificially lowered the overall unemployment rate. The unemployment rate is based on those who want a job and are trying to find one.

    Sentiment: Sell

 
TOL
33.07-0.60(-1.78%)Sep 12 4:01 PMEDT

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