January 02, 2008 (The Editor’s Desk is updated each business day.)
Work-experience unemployment rate in 2006
At 9.1 percent in 2006, the "work-experience unemployment rate" (those looking for work during the year as a percent of those who worked or looked for work during the year) was little changed from 9.3 percent in 2005.
The 2006 rate is low by historical standards, but is above the series low of 8.6 percent reached in 2000.
The rate for blacks fell between 2005 and 2006; however, at 13.0 percent, it was higher than the rates for Hispanics (10.2 percent), whites (8.5 percent), and Asians (7.3 percent).Â
Related TED articles: