On March 4th, 2011 the BLS published the most recent unemployment rate for February, 2011 of 8.922%. (Down from January – 9.049%) This overall rate includes all types of workers – construction workers, farmers, etc. When you break the figures out by type of worker some interesting changes occur. Management, professional and related types – 4.4% (the lowest rate in the last 22 months). Another look – people with college degrees – 4.3% (the lowest rate in the last 23 month). It is impossible for the rate to ever be ZERO and in fact would be very disruptive if it got close. So things are continuing to improve on the employment front.
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