What is the rate of unemployment in US?
The number of unemployed persons increased by 787,000 to 14.5 million in May, and the unemployment rate rose to 9.4 percent. Since the start of the recession in December 2007, the number of unemployed persons has risen by 7.0 million, and the unemployment rate has grown by 4.5 percent- age points. (See table A-1.) Unemployment rates rose in May for adult men (9.8 percent), adult women (7.5 percent), whites (8.6 percent), and Hispanics (12.7 percent). The jobless rates for teenagers (22.7 percent) and blacks (14.9 percent) were little changed over the month. The unemployment rate for Asians was 6.7 percent in May, not seasonally adjusted, up from 3.8 percent a year earlier. (See tables A-1, A-2, and A-3.) Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 732,000 in May to 9.5 million. This group has in- creased by 5.8 million since the start of the recession. (See table A-8.) The number of long-term unemployed (those jobless for 27 weeks or
The unemployment rate hitting a staggering 9.4 percent, which is the highest it has reached in 26 years, as reported by the New York Times. Sources: http://www.justicenewsflash.com/2009/06/07/unemployment-rate-hits-94-percent_200906071415.
