Unemployment

Unemployment

Several issues in the employment situation summary Table interest me. The first issue concerns the sectors with greatest job gains. These sectors are health care and mining. The data indicates that medical and mining professionals have high employment prospects currently.

The table shows that the majority of Americans have temporary jobs. This trend indicates that one is likely to change jobs in less than one year. The high number of job losers and reentrants demonstrates the trend. These numbers are more than twice the number of job leavers.

The third interesting issue concerns the unemployment rates among different racial groups. The table shows that African Americans have a significantly high unemployment rate in comparison to the other ethnic groups.

This rate is almost twice the unemployment rate among Whites and Asians. The May 2017 unemployment rates are generally lower in comparison to the April 2017 rates.

For example, the unemployment rate for adult men declined by 0.2 between April 2017 and May 2017. On the other hand, the unemployment rate for adult women declined by 0.1 between April 2017 and May 2017. The unemployment rate among adults is significantly lower in comparison to teenagers.

For example, in May 2017, the unemployment rates for adult men and women were 3.8 and 4.0 respectively. On the other hand, the unemployment rate for persons aged between 16 and 19 was 14.3 during the same period.

The table shows a direct link between the level of education and employment rates. The unemployment rate is the highest among persons with less than a high school diploma.

On the contrary, the unemployment rate is lowest among persons with a bachelor’s degree or a higher academic qualification.

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