Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services and in health care.
In August, both the unemployment rate (6.1 percent) and the number of unemployed persons (9.6 million) changed little. Over the year, the unemployment rate and the number of unemployed persons were down by 1.1 percentage points and 1.7 million, respectively. Among the major worker groups, the unemployment rates in August showed little or no change for adult men (5.7 percent), adult women (5.7 percent), teenagers (19.6 percent), whites (5.3 percent), blacks (11.4 percent), and Hispanics (7.5 percent). The jobless rate for Asians was 4.5 percent (not seasonally adjusted), little changed from a year earlier.
The number of long-term unemployed (those jobless for 27 weeks or more) declined by 192,000 to 3.0 million in August. These individuals accounted for 31.2 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has declined by 1.3 million. The civilian labor force participation rate, at 62.8 percent, changed little in August and has been essentially unchanged since April.
Blogs I Follow
- What an unfortunate example to use to explain reverse correlation technique in social psychology
- Great article by Emily Oster and Geoffrey Kocks on vaccination in California
- U.S. military… random thoughts
- Neuroeconomics of limitations of cognitive processing probably where all the action is… “attention” is the byword
- Importing an Excel file that is too big for Stata
- An error has occurred; the feed is probably down. Try again later.