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Old 08-03-2012, 09:19 AM
 
4,182 posts, read 6,026,747 times
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Month after month we get the unemployment report from the Dept. of Labor. One thing I noticed is that Asian unemployment is consistently low. For July, it was only 6.2%:

Quote:
Quote:
Among the major worker groups, the unemployment rate for Hispanics (10.3 percent) edged
down in July, while the rates for adult men (7.7 percent), adult women (7.5 percent),
teenagers (23.8 percent), whites (7.4 percent), and blacks (14.1 percent) showed little
or no change. The jobless rate for Asians was 6.2 percent in July (not seasonally
adjusted), little changed from a year earlier. (See tables A-1, A-2, and A-3.)

What's the secret sauce here? Soy sauce? LOL....ok, kidding. My hunch is Asians are better educated (higher college attainment rate), which translates to better employability. College graduates do have lower unemployment than high school grads.
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Old 08-03-2012, 09:16 PM
 
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Higher education on the one end, family businesses on the other
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Old 08-03-2012, 09:18 PM
 
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Discipline, competence and humility.

Not all Asians eat soy sauce.
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Old 08-04-2012, 01:34 PM
 
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I'm sure if you did a correlation study you'd see education level attained and years of working experience would explain just about everything when it came to these rates. Obviously teens are in the toughest spot because they have little experience and at best they have a HS diploma.
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Old 08-04-2012, 01:58 PM
 
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Dublicate post, with discussion (or flaming ) going on here:

Why is Asian American Unemployment Very Low?
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Old 08-06-2012, 03:12 PM
 
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Their underemployment rate is low too. I've never seen an asian-american working fast food or at walmart or any other poverty job. They've got stores, salons, etc. and they make money so that they don't have to room with someone to survive. Not everyone has lost hold of the American dream. Not everyone is racing to the bottom.
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Old 08-06-2012, 04:38 PM
 
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many asian americans are children of immigrants. They place emphasis on education and pursuing practical careers. You'll find less asian americans in the arts, and humanities and more in sciences, medicine, and business.
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Old 08-06-2012, 09:40 PM
 
Location: Here.
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Maybe they just haven't figured out yet that they can sit at home and get a check from Obama every month for doing nothing.
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Old 08-09-2012, 05:42 PM
 
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i was waiting for someone to say because americans are to spoiled to deliver chinese food on a bicycle in the winter.

the real reason is they are a tight knit culture that supports and looks out for their own businesses.

studies were done here in nyc and what they found is a dollar typically leaves the black community by the third transaction.

the white community sheds it after the 1st transaction so what happens is local businesses and ethnic ties are gone for that dollar very quickly.

the asian community is a much tighter closed community and that dollar can go from asian business to asian business 7 or 8 times before leaving that community.

that makes a huge difference in how they support their own businesses.

Last edited by mathjak107; 08-09-2012 at 05:56 PM..
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