556,000 No Longer Unemployed as of December 2010
During the month of December alone, 556,000 people ceased to be unemployed– dropping the unemployment rate by 9.4 percent. Those who benefited the most from this shift were adult men and white people. When examining the data, the United States Department of Labor found little change in the unemployment rates of other demographic groups. One oft-forgotten group that shoulders a staggering unemployment group are the teenagers. Teenagers constituted as part of the labor force face unemployment rates at 25.4%.
Hopefully when unemployment statistics for January 2011 are announced, those new December jobs will not disappear in a cloud of wrapping paper and tinsel.