The Department of Labor released its first jobs report of the year this morning, and the December figures show the number of unemployed down 85,000 for the month and the rate of unemployment holding at 10.0%.
The number of Americans unemployed for 27 weeks or longer--long term unemployed--rose to 6.1 million in the month, according to the Bureau of Labor Statistics. And an additional 2.5 million Americans are now marginally attached to the labor force--they had not searched for work in the previous four weeks and do not count in the overall unemployment numbers. That's up from 578,000 in December, 2008.
Read the BLS report here.
Posted
01-08-2010 9:14 AM
by
Graham Griffith