On the first #JobsDay of 2017, the Bureau of Labor and Statistics reported that 156,00 jobs were added to the U.S. Economy in December 2016 bringing the unemployment rate to 4.7 percent and the number of unemployed persons to 7.5 million.
This report is last of the Obama Administration and a stark contrast from President Obama’s the first #JobsDay in February 2009.
8 years ago, the U.S. economy lost 598,000 jobs and the national unemployment rate was 7.6 percent. The unemployment rate for African American, Asian, and LatinX communities were 12.6 percent, 6.2 percent, and 9.7 percent respectively. The jobless rate for teenagers was 20.8 percent.
Today’s report showed teenagers at 14.7 percent , African Americans at 7.8 percent, Asians at 2.6 percent, and LatinX at 5.9 percent.