8.4 C
New York
Thursday, July 25, 2024

US unemployment rate climbed in February as men and college grads faced job losses

Published:

LATEST NEWS

- Advertisement -

The U.S. unemployment rate edged up to 6.7 percent in February as men struggled to find work, according to the Labor Department report issued Friday.

Obama Delivers Remarks At the Democratic Governors Association

More than 160,000 men joined the ranks of the unemployed. That increase raised their unemployment rate to 6.4 percent from 6.2 percent.

Particularly hard hit were African-American men. Their rate climbed to 12.9 percent last month from 12 percent in January. It did so because more African-American men began searching unsuccessfully for work last month.

African-American women fared much better: 109,000 of them found jobs.

The Labor Department said the economy overall added 175,000 jobs last month.

College graduates are more likely to hold a job than are workers with less education. But February proved frustrating for many college grads. More than a quarter-million of them lost jobs after businesses had stepped up hiring of people with bachelor’s degrees in January. This group’s unemployment rate, while still far below the national rate, rose to 3.4 percent from 3.2 percent.

- Advertisement -spot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

Of The Week
CARTOON

TOP STORIES

- Advertisement -spot_img
- Advertisement -

Of The Week
CARTOON

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.