February 4th, 2006
US unemployment is at 4.7%
US unemployment level fell to 4.7% in January 2005 after staying at 5.0% for three years or so. Employment is rising but hours have been stuck at just under 33.8 a week, on average, for more than three years. And unemployment among blacks, which fell more last month than for any other group, was at 8.9%, more than double the 4.1% for white men and women.
Alex is a software engineer in the San Francisco Bay Area. ITFacts is created and updated by a group of statistics-obsessed individuals.
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