The group hardest hit by today’s jobs numbers is…
African-Americans: According to the Bureau of Labor Statistics, the unemployment rate for blacks jumped nearly a full percentage point — up from 13.4% in September to 14.3% today.
The unemployment rate for Hispanics also inched upward, from 9.9% to 10% in October.
Women were also struggling more to find work in October as their unemployment rate shifted up to 7.2% from 7.0.
Zero Hedge offers some “seasonally adjusted” perspective on today’s jobs numbers here.
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