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Unemployment rate stagnates in 2014: March report released

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The unemployment rate throughout the United States, according to the United States Department of Labor’s report on Friday, indicates that the unemployment rate is unchanged, remaining at 6.7 percent.

In March, the number of persons unemployed was basically unchanged at 10.5 million throughout the country. The percentage of those unemployed as well as the number of persons unemployed has stayed fairly consistent since December of 2013.

Some improvement was shown up to December 2013, as the number of unemployed persons decreased 1.2 million throughout much of 2013 and the unemployment rate dropped 0.8 percent of a point during the same time period. However, for three months now, the decline in numbers and the decline in the unemployment rate have stopped.

Taking a look at the major worker groups, the unemployment rate for adult women increased to 6.2 percent in March, and the rate for adult men decreased to 6.2 percent. The rate for teenagers is at 20.9 percent, for whites is 5.8 percent, for blacks is 12.4 percent, and for Hispanics is 7.9 percent. The rates for teenagers, whites, blacks, and Hispanics showed little change in the March report.

Those unemployed for the long-term (27 weeks or more) are at 3.7 million – again, little change from previous months. The long-term unemployed equate to 35.8 percent of the overall unemployed.

Job areas in which employment grew are in professional and business services, health care, and in mining and logging.

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