Thursday, August 12, 2010

Recent Unemployment Stats

Innovative Credit Consultants dives into the biggest issue facing consumers- unemployment. While you can read the following consumer report at www.dol.gov in full, we wanted to highlight important facts to make it easier for you.

The United States Department of Labor reported no improvement for the month of July. Americans are still suffering job loss. The unemployment rate has not gotten better this summer. With 2011 not too far away, we are all wondering-how much longer? When will it get better?

The Department of Labor evaluates unemployment in this country as a whole. In July, 14.6 million Americans were unemployed.

The 14.6 million into these categories:
Adult Men 9.7 %
Adult Women 7.9%
Teenagers 26.1%
Whites 8.6%
Blacks 15.6%
Hispanics 12.1%
Asians 8.2%
6.6 million people have been unemployed for more than 6 months.
8.5 million people have been working part time only.

The U.S. Department of Labor will release August statistics on September 3. You can read these facts on their website or check back with us for a brief re-cap of their monthly report.

This is just one area that Innovative Credit Consultants studies. In order to help consumers deal with credit issues, we must understand what is going on in our nation. We know what people are going through! We want to help.

Contact us today if your credit has been hurt by job loss. You need the right information and you need it for free. Visit www.icreditinc.com for a free credit report evaluation. Innovative Credit Consultants can help you face your credit and move on with your life.

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