Unemployment rates in July
August 07, 2001
The number of unemployed persons was essentially unchanged at 6.4 million in July, and the unemployment rate held at 4.5 percent (seasonally adjusted). The jobless rate has been either 4.4 or 4.5 percent since April; its most recent low was 3.9 percent in October 2000.
The rates for all the major worker groups—adult men (3.9 percent), adult women (3.9 percent), teenagers (14.8 percent), whites (4.0 percent), blacks (7.9 percent), and Hispanics (6.0 percent)—showed little or no change over the month.
About 1.2 million persons (not seasonally adjusted) were marginally attached to the labor force in July, about the same as a year earlier. These were people who wanted and were available for work and had looked for a job sometime in the prior 12 months but were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment rates in July on the Internet at https://www.bls.gov/opub/ted/2001/aug/wk1/art02.htm (visited January 20, 2021).