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Nonfarm payroll employment shed 54,000 jobs during the month – a decline characterized as “changed little” in a Labor Department press release, while the unemployment rate crept up to 9.6% from 9.5% in June, although the DoL chose to describe that movement as “about unchanged.” The private sector added jobs during the month – 67,000 of them, while government employment fell, as 114,000 temporary workers hired for the decennial census completed their work (120,000 government jobs were lost in total). There was some good news, as the change in total nonfarm payroll employment for June was revised from a loss of 221,000 jobs to a loss of 175,000, and the change for July was revised from a loss of 131,000 to a loss of 54,000. As for August, among the major worker groups, the unemployment rate was: 9.8% - adult men 8.0% - adult women 26.3% - teenagers 8.7% - whites 16.3% - blacks 12.0% - Hispanics 7.2% - Asians The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month to 6.2 million. In August, more than four in ten (42.0%) had been jobless for 27 weeks or more. The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 331,000 over the month to 8.9 million. This includes individuals who were working part time because their hours had been cut back or because they were unable to find a full-time job.
Nonfarm payroll employment shed 54,000 jobs during the month – a decline characterized as “changed little” in a Labor Department press release, while the unemployment rate crept up to 9.6% from 9.5% in June, although the DoL chose to describe that movement as “about unchanged.”
The private sector added jobs during the month – 67,000 of them, while government employment fell, as 114,000 temporary workers hired for the decennial census completed their work (120,000 government jobs were lost in total).
There was some good news, as the change in total nonfarm payroll employment for June was revised from a loss of 221,000 jobs to a loss of 175,000, and the change for July was revised from a loss of 131,000 to a loss of 54,000.
As for August, among the major worker groups, the unemployment rate was:
The number of long-term unemployed (those jobless for 27 weeks and over) declined by 323,000 over the month to 6.2 million. In August, more than four in ten (42.0%) had been jobless for 27 weeks or more.
The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) increased by 331,000 over the month to 8.9 million. This includes individuals who were working part time because their hours had been cut back or because they were unable to find a full-time job.
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