|
US Unemployment Up Again; Sept Job Loss Worse than in Aug
Below is the dry Bureau of Labor Stats Announcement - for fun you can contrast and compare the puff that will come from the Administration today on this subjectNonfarm payroll employment continued to decline in September (-263,000), and the unemployment rate (9.8 percent) continued to trend up, the U.S. Bureau of Labor Statistics reported today. The largest job losses were in construction, manufacturing, retail trade, and government. Since the start of the recession in December 2007, the number of unemployed persons has increased by 7.6 million to 15.1 million Unemployment rates for the major worker groups--adult men (10.3 percent), adult women (7.8 percent), teenagers (25.9 percent), whites (9.0 percent), blacks (15.4 percent), and Hispanics (12.7 percent)--showed little change in September. The unemployment rate for Asians was 7.4 percent, not seasonally adjusted. Among the unemployed, the number of job losers and persons who completed temporary jobs rose by 603,000 to 10.4 million in September. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 450,000 to 5.4 million. The civilian labor force participation rate declined by 0.3 percentage point in September to 65.2 percent. The employment-population ratio, at 58.8 per-cent, also declined over the month. The change in total nonfarm payroll employment for July was revised from -276,000 to -304,000, so July was worse than we originally thought and the change for August was revised from -216,000 to -201,000. so August was not as bad as we thought Posted by: lord garth 2009-10-02 |
| http://www.rantburg.com/poparticle.php?ID=280186 |