News » Money
Apr 4, 3:26 PM EDT

US unemployment rate flat in March at 6.7 pct., but prospects brighten for 25- to 54-year-olds

Business Video

Latest Business News
UK unemployment falls below 7 percent as earnings growth outstrips inflation

Federal board orders Canadian Pacific, BNSF to report fertilizer delivery plans by Friday

US raises concern about China's currency but again avoids labeling Beijing a manipulator

Chevrolet bringing tiny Trax to US and China as demand for compact SUVs grows

General Motors sales watched for impact of spate of ignition switch recalls

A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
Russia's economic growth slows to 0.8 percent in Q1 amid growing tensions with Ukraine

China's economic growth slows to 7.4 percent, raising risk of job losses, impact on trade

UK unemployment falls below 7 percent as earnings growth outstrips inflation

US stocks rebound from midday slump, extending modest gains for second day

How the Dow Jones industrial average and other major stock indexes fared Tuesday

Charles Schwab, MasterCard, PetSmart, Halozyme and Coca-Cola are big market movers

US stocks close higher, extending modest rally; Johnson & Johnson reports higher earnings

US stocks drift lower in midday trading; Homebuilders sink on weak confidence survey

Stocks head higher in early trading on Wall Street; Johnson & Johnson gains on earnings

US stocks appear ready to extend modest rally; Johnson & Johnson reports higher earnings

Buy AP Photo Reprints
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt

The U.S. unemployment rate was changed at 6.7 percent in March. But the jobs picture has brightened for workers in their prime earning years, according to the Labor Department report issued Friday.
One of the disturbing trends after the Great Recession ended in mid-2009 was the relatively modest share of 25- to 54-year-olds with jobs. Roughly 80 percent of this age bracket worked before the economic downturn. That figure plunged as low as 74.8 percent toward the end of 2010.
But it recovered in March to 76.7 percent, the best reading since February 2009.
This suggests that a core of U.S. workers - whose wages drive the bulk of consumer spending - are finally achieving steady job gains. Their employment-to-population ratio has climbed 1.2 percentage points over the past six months. It may be a possible indicator of stronger overall economic growth.
Not everyone, of course, benefited from last month's hiring.
College graduates suffered a slight setback. Their unemployment rate stayed flat at 3.4 percent. Many had lost jobs and stopped looking for one. Still, college grads continue to enjoy better job prospects than those with less education.
Unemployment rate by group:
(Numbers in percentages) March 2014 Feb. 2014 March 2013
White 5.8 5.8 6.7
Black 12.4 12 13.2
Asian 5.4 6 5
Adult men 6.2 6.4 6.9
Adult women 6.2 5.9 6.9
Teenagers 20.9 21.4 23.9
20-24 years old 12.2 11.9 13.3
25-54 years old 5.7 5.8 6.3
55 and over 4.7 4.6 5.5
Veterans of Iraq/Afghanistan 6.9 9.2 9.2
No high school diploma 9.6 9.8 11.1
High school graduate 6.3 6.4 7.6
Some college 6.1 6.2 6.4
College graduate 3.4 3.4 3.8
Duration of Unemployment:
Average length (weeks) 35.6 37.1 37
Jobless 6 months or more (pct.) 35.8 37 39.1
Not seasonally adjusted
Source: Labor Department

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.