Unemployment rate in August 2005
September 06, 2005
Both the number of unemployed persons and the unemployment rate were little changed in August.
The unemployment rate, at 4.9 percent, has trended down by half a percentage point since February. The number of unemployed persons, 7.4 million, was down from 8.0 million in February.
In August, the unemployment rates for most major worker groups—adult men (4.3 percent), teenagers (16.5 percent), whites (4.2 percent), blacks (9.6 percent), and Hispanics or Latinos (5.8 percent)—showed little or no change. The jobless rate for adult women fell to 4.4 percent over the month.
Since February, the number of persons unemployed due to job loss has declined by 490,000, to 3.5 million in August. The decline in this group has accounted for most of the decrease in total unemployment over the period.
Note: Hurricane Katrina struck Florida and the Gulf Coast after the August survey reference period, and therefore did not affect August unemployment estimates.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Unemployment rate in August 2005 on the Internet at https://www.bls.gov/opub/ted/2005/sept/wk1/art01.htm (visited January 24, 2021).
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