Unemployment rate at record high
The unemployment rate in the United States is at a record high from previous years. It has sustained a rate of 8.3 percent over the past year quoted by Trading Economics . The unemployment rate was the highest in 1982 with a percent of 10.8. Even with a high unemployment rate, the economy was able to add an additional 227,000 jobs to the market quotes the U.S. Department of Labor in a recent press release. (Updated news report since original publication of article.) The news of the additional jobs sparked interest of many job seekers and enthusiast. In an article written by Shaila Dewan from the The New York Times , questions whether the improvement in the job sector can accelerate significantly enough to drive down the unemployment rate. President Obama has stated that more companies were bringing back manufacturing jobs to the United States as quoted by Dewan’s article. In the two charts below taken from data from the press release, breaks downs the unemployment by race and ...