Work-experience unemployment rate in 2007
December 23, 2008
At 9.5 percent in 2007, 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 0.4 percentage point higher than in 2006.
The 2007 rate is relatively low by historical standards, but is above the series low of 8.6 percent reached in 2000.
The rates for Hispanics (12.3 percent) and whites (9.0 percent) rose in 2007, while the rates for blacks (12.7 percent) and Asians (6.9 percent) were little changed.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Work-experience unemployment rate in 2007 on the Internet at http://www.bls.gov/opub/ted/2008/dec/wk4/art02.htm (visited October 20, 2014).
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